In a US Senate confirmation hearing, USTR nominee Robert Lighthizer's former chief of staff, Greer, outlined his plans to address the growing US trade deficit, particularly with China. He emphasized the need for balanced trade, reciprocal agreements with trading partners, and a focus on strengthening US manufacturing.
Greer told a U.S. Senate confirmation hearing that Trump’s campaign promise of imposing at least a 10% universal tariff would be examined under an inauguration day trade memo, which ordered a report by April 1.
“A universal tariff is something that should be studied and considered to see if it can reverse the direction of that deficit and the offshoring” of jobs, said Greer, a Washington trade lawyer who was chief of staff to former USTR Robert Lighthizer during Trump’s first term.Like Lighthizer, Greer wants to push for smaller trade deficits and equal treatment from U.S. trade partners.
If confirmed, Greer said he would in “short order” assess unfair trading practices of countries that maintain large trade imbalances with the U.S. “and explain to them that if they want to enjoy continued market access to the United States, we need to have better reciprocity.
TRADE DEFCIT TARIFFS MANUFACTURING CHINA USMCA
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