The White House steps up trade aggression, calls for 'broader reset' of global tariffs
U.S. Trade Representative Robert Lighthizer speaks in the Eisenhower Executive Office Building on the White House complex in Washington, Monday, May 15, 2017, during his swearing-in ceremony.The Trump administration plans to call for a "broad reset" of World Trade Organization tariffs in its latest conflict with the global authority.
The organization's tariff rates "no longer reflect members' policy choices and economic conditions," US trade representative Robert Lighthizer said in prepared remarks seen byThe WTO's action also prevents "the United States from taking action to address unfair trade practices that hurt US workers," he said.
"Currently, outdated tariff determinations are locked in place that no longer reflect members' policy choices and economic conditions," Lighthizer said in prepared remarks seen by. "Many countries with large and developed economies maintain very high bound tariff rates, far above those levied by the United States."
Lighthizer is expected to deliver his statement to the House Ways and Means Committee Wednesday afternoon. He will highlight that the US is moving forward in trade talks with the EU, Britain, China, Japan, and Kenya, and that the tariff rate disparity sets the country up for failure when seeking fair deals.
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