Trump’s tariffs won’t have an economic impact, says U.S. trade rep Greer
U.S. Trade Representative Jamieson Greer stated that new tariffs on 60 trading partners regarding forced labor bans are unlikely to cause significant economic impact. He noted that the rates are consistent with recent global trends and do not represent a universal tariff shift.
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Understanding the economic impact of trade policy is crucial for global markets and international relations.
Greer says tariff rates of 10 per cent to 12.5 per cent are similar to recent global tariff actions. Leon Neal/Getty Images
U.S. Trade Representative Jamieson Greer said on Monday President Donald Trump’s new tariffs on 60 trading partners over their alleged lax enforcement of forced labour bans will likely not have an economic impact in part because the rates of 10 per cent or 12.5 per cent are similar to recent global tariff actions.
Greer told Fox News Channel’s “Special Report with Brett Baier” that the new Section 301 duties are imposed on a smaller group of countries than a now-expired 10 per cent temporary tariff, which was universal. But the agency has said that the forced labour duties would still cover 99.4 per cent of U.S. imports.
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