Washington, March 12 (IANS) The United States has launched a sweeping trade investigation targeting India and 15 other economies over alleged excess industrial capacity in manufacturing sectors, a move that could eventually lead to tariffs or other trade measures. The probe, announced by US Trade Representative Jamieson Greer on Wednesday (local time), will examine whether policies in the listed economies unfairly boost production and exports and restrict US commerce.Speaking on a press call, Gr…
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Seoul, March 8 (IANS) Industry Minister Kim Jung-kwan said on Sunday he has been told the United States is not likely to hike tariffs on South Korea if the National Assembly passes a special bill on Seoul’s $350 billion investment pledge to the US.Kim made the remarks upon arrival after visiting the U.S. to meet with Commerce Secretary Howard Lutnick to discuss tariff and bilateral trade issues following U.S. President Donald Trump’s threat in January to hike “reciprocal” tariffs and other dutie…
Seoul, March 7 (IANS) South Korea’s industry minister and trade chief visited the United States this week to coordinate responses to tariff issues and other pending trade matters between Seoul and Washington, the industry ministry said on Saturday.Industry Minister Kim Jung-kwan and Trade Minister Yeo Han-koo met separately with U.S. Commerce Secretary Howard Lutnick and U.S. Trade Representative Jamieson Greer on Friday (U.S. time) to discuss pending bilateral trade issues.The visit was arrange…
Washington, Feb 23 (IANS) US Trade Representative Jamieson Greer has sought to calm global nerves after the Supreme Court struck down a key plank of President Donald Trump’s tariff regime, telling allies and trading partners that existing agreements remain safe and that Washington’s trade policy “hasn’t changed” despite a shift in legal tools. In an interview to a top US television channel on Sunday, Greer signalled that while the Trump administration is pivoting from emergency powers to other…
Washington, Feb 23 (IANS) US Trade Representative Jamieson Greer said the Trump administration has “very durable tools” to keep its tariff-driven trade strategy intact after the Supreme Court struck down most of President Donald Trump’s sweeping tariffs, insisting the White House is now focused on “continuity” as it shifts to other legal authorities and investigations. In an interview to a top US media portal on Sunday, Greer said the Trump administration had prepared “backup plans” in case the …
Washington, Feb 21 (IANS) US Trade Representative Jamieson Greer said that the Trump administration will continue to execute the President’s trade agenda despite the Supreme Court’s ruling limiting the use of emergency tariff powers, stressing that alternative legal tools are already being deployed.Speaking to Fox News, Greer said the administration’s approach remains intact even if the statutory pathway shifts.“Simultaneously, the office of the US Trade Representative will initiate a nu…
Washington, Feb 10 (IANS) The United States and Bangladesh signed a legally binding agreement on reciprocal trade, setting tariff schedules and broad commitments on market access, labor standards, and digital trade, US officials said.US Trade Representative Jamieson Greer signed the pact with Bangladesh’s adviser for commerce, textiles and jute, and civil aviation and tourism, Sheikh Bashir Uddin, at a ceremony in Washington, according to a statement from the USTR’s office.“Under President…
Seoul, Feb 9 (IANS) South Korea’s Foreign Minister Cho Hyun said Monday that US Trade Representative Jamieson Greer told him the United States will revert reciprocal tariffs to the pre-agreement level of 25 per cent if Seoul makes no progress on addressing non-tariff barriers. Cho shared details with lawmakers of his meeting with Greer in Washington last week, as Seoul seeks to keep the trade deal with the ally intact following US President Donald Trump’s warning of raising the tariff rate from …
Washington, Feb 7 (IANS) US President Donald Trump’s trade dealmaking is opening India’s vast market to American products by lowering tariffs on US industrial and agricultural goods, US Trade Representative Jamieson Greer said.Greer spoke on Friday after the White House issued a joint statement announcing a framework for an Interim Agreement between the United States and India on reciprocal and mutually beneficial trade.“President Trump’s dealmaking is unlocking one of the largest econom…
Washington, Feb 4 (IANS) The White House hailed a new trade agreement with India, saying Prime Minister Narendra Modi has committed to ending purchases of Russian oil, buying energy from the United States, and investing $500 billion across key American sectors.White House Press Secretary Karoline Leavitt said the agreement announced by President Donald Trump a day earlier would bring direct benefits to the US economy and American consumers.“India committed to not only no longer purchasing Russ…
