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…
Latest US Trade Representative News & Updates
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 …
New Delhi, Feb 21 (IANS) After the US Supreme Court struck down reciprocal tariffs imposed by the Donald Trump administration, the White House has released a Fact Sheet, explaining that Trump has now invoked his authority under “Section 122 of the Trade Act of 1974”, which empowers the President to address certain “fundamental international payment problems” through surcharges and other special import restrictions.The Proclamation imposes, for a period of 150 days, a 10 per cent “ad va…
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, Jan 30 (IANS) US President Donald Trump on declared a national emergency over what he described as an “unusual and extraordinary threat” posed by the Government of Cuba, ordering the creation of a new tariff system that could penalise countries supplying oil to the island.In an executive order signed at the White House, Trump said the policies, practices, and actions of the Cuban government threaten the national security and foreign policy of the United States and warrant emergen…
Washington, Jan 28 (IANS) A day after India and the European Union concluded what is being billed as the mother of all trade deals, US Trade Representative Jamieson Greer said the landmark Free Trade Agreement positions India strongly amid shifting global trade dynamics driven by the United States’ new economic approach.Asked for his impression of the India-EU Free Trade Agreement in a Fox Business interview, Greer placed the deal in the context of President Donald Trump’s push to prioritize…
Washington, Jan 25 (IANS) Indian and US officials are pushing to resolve the last few hurdles in a proposed bilateral trade agreement, with both sides close on substance but still divided on several sensitive tariff and sequencing issues, with both sides aiming for a durable deal that restores predictability and stability to bilateral trade.Negotiations over the last few weeks have narrowed to a small set of unresolved items, those familiar with the talk said. Technical teams are continuing disc…
Seoul, Jan 23 (IANS) Two US investors in e-commerce giant Coupang notified the South Korean government of their intent to bring arbitration claims against it over what they called “discriminatory” acts toward the US-listed firm, and requested a US government probe into the matter.Greenoaks Capital Partners and Altimeter Capital Management took the actions, decrying South Korean authorities’ investigations into Coupang following revelations in November about a massive customer data leak, accordin…