The United States commercial representative Jamieson Greer, told a committee full of skeptical senators on Tuesday that the increasing commercial tensions “are resolved during the night”, but insisted that the economy of the United States is strong enough to resist the duty regime of President Trump.
“Our commercial deficit, promoted by thesis of non -reciprocal conditions, is a manifestation [of] The loss of the nation’s ability to make, grow, build, and the president recognizes the urgency of the moment, “Greer told the Senate Finance Committee.
“Our great and persistent commercial deficit has spent about 30 years in development, and will not be resolved overnight, but all this is in the right direction.”
Trump, 78, released the largest list of rates in almost a century on April 2, looting the markets in disorder.
The members of both parties were not clear about the precise objectives on Tuesday, and Greer provided little clarity.
“This is not a commercial war. Most countries have said they are not going to retaliate. We have an underlying emergency,” Greer argued when Sen pressed. Tina Smith (D-minn.). “The goal of this is [addressing] The commercial deficit.
“The objective is to address that, and the relocation that led to that, and to the non -reciprocal treatment that led to that.”
The United States consistently has a general commercial deficit, which means that America imports more goods than exporting, including a commercial deficit of $ 1.2 billion last year.
Also on Tuesday, Greer echoed Trump’s statement that the White House is open to the discussion with other nations about the reduction of encumbrances, although he refused to say how soon offers could be reached.
“As countries approach us,” he said, “what we have told you is:” If you have a better idea to achieve reciprocity, to reduce our commercial deficit, we want to talk to you, we want to negotiate with you. “
Catherine Cortez Masto (D-Nev.) GOT GREER TO COE THAT IT TOK THE first Trump Administration Two Years To Negotiate The United States-Mexico-Canada Agreement (USMCA) to replace the clinton-factory gas Trade The Trade The Trade Trade. “” “” “” “”. “
“What I can say,” Greer told Senator James Lankford (R-Okla). At another time of the audience, “I am moving as quickly as possible, and many of these countries are moving very fast, and we are working on weekends.”
Other legislators were upset about the lack of exemptions to tariffs, to which Greer replied that Trump “has been clear with me and with others that do not intend to have exclusions and exemptions, especially given the nature of the action.”
Greer also refused to consent to legislators who asked him what Trump to support tariffs, with possibilities such as Soing inflation, mass loss of jobs or the stock market that yield half of their value.
“The good news so far is that most countries have said that they will not retaliate about this and that they would like to talk to us first [and] Obtain more information about programming, ”said Greer, who estimated that around 50 countries have contacted the administration on new economic agreements.
Republicans in the committee were careful with Trump’s tariff thrust directly, but some of them made it clear that they were restless about the movement.
At one point, Senator Thom Tillis (R-C), who is ready for re-election in 2026 in what is probably a nearby race, asked Greer blank: “Who drown me if this is bad?”
“I just talked to one of the elderly on Wall Street, and he described today’s market as’ a good day in hospice,” said Senator Mark Warner (D-VA.) At another time. “There are no good morning in hospice.”
Last week, Senator Chuck Grassley (R-IIWA) was associated with Senator Maria Cantwell (D-Wash.) To reveal legislation destined to reverse the president’s commercial powers of the president.
Representative Don Bacon (R-Neb.) Has announced plans to pursue similar legilations in the House of Representatives. Trump had made it clear that he would veto any measure of this type that reaches his desk.
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