February 06, 2025 17:07 GMT
US: Greer Says USTR Will Be Prepared To Enforce 'Phase 1' Trade Deal With China
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US President Donald Trump’s nominee to serve as United States Trade Representative, Jamieson Greer, is delivering testimony at his first nomination hearing before the Senate Financial Services Committee. LIVESTREAM
- Asked about recent reports suggesting Trump may reduce the influence of the USTR, Greer says he will be involved in negotiating trade deals and enforcing Section 301 tariffs, noting that Trump expects all his Cabinet officials to work together on trade policy.
- Greer echoed recent comments from Trump’s trade strategist, Peter Navarro, saying that tariff threats levied against Mexico and Canada are aimed at reducing illicit flows of Fentanyl rather than a trade war.
- Greer, who was instrumental in negotiating the defunct ‘Phase 1’ trade deal with China during the first Trump administration, said his office will “quickly review China’s compliance with 'Phase 1' and be prepared to enforce it”.
- Greer added, “China’s subsidies make it very difficult for others to compete, result in excess industrial capacity… trade reciprocity with China requires both tariffs and non-tariff barriers”.
- Greer said that the USMCA trade deal "needs to be reviewed" to make sure that foreign countries of concern are not free-riding on access to the US market. The USMCA is scheduled for a 2026 joint review, which may explain some of Trump's hardline rhetoric.
- Asked about his preferred approach to tariffs, Greer said, “universal tariff should be studied and considered to see if it can reduce US trade deficit,” adding that “tariffs can be a tool for market access and for revenue”
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