The Japan Times - Trump trade envoy pick says universal tariffs should be 'considered'

EUR -
AED 4.119836
AFN 72.353425
ALL 90.796811
AMD 404.49661
ANG 2.007791
AOA 1029.817759
ARS 1733.905407
AUD 1.623323
AWG 2.022055
AZN 1.906177
BAM 1.955784
BBD 2.253581
BDT 138.968835
BGN 1.960727
BHD 0.422496
BIF 3354.486834
BMD 1.121806
BND 1.432094
BOB 13.297651
BRL 6.200257
BSD 1.118891
BTN 105.01712
BWP 15.373391
BYN 3.350272
BYR 21987.389703
BZD 2.250381
CAD 1.584865
CDF 2570.056989
CHF 0.920662
CLF 0.027626
CLP 1087.264975
CNY 7.485583
CNH 7.480351
COP 3677.469454
CRC 506.795752
CUC 1.121806
CUP 26.853775
CVE 110.26211
CZK 24.335834
DJF 199.24833
DKK 7.475432
DOP 68.079429
DZD 152.877321
EGP 59.803351
ERN 16.827084
ETB 180.778551
FJD 2.527203
FKP 0.835919
GBP 0.835526
GEL 2.905454
GGP 0.835919
GHS 13.074657
GIP 0.835919
GMD 83.013474
GNF 9912.961093
GTQ 8.549928
GYD 234.563852
HKD 8.800088
HNL 30.072212
HRK 7.593513
HTG 146.658771
HUF 363.068457
IDR 20284.488806
ILS 3.546515
IMP 0.835919
INR 104.935435
IQD 1699.53548
IRR 2133994.524707
ISK 137.208377
JEP 0.835919
JMD 177.74851
JOD 0.795313
JPY 177.506683
KES 145.744578
KGS 98.101677
KHR 4565.961728
KMF 492.472709
KPW 1009.624994
KRW 1501.705015
KWD 0.348724
KYD 0.932492
KZT 502.005792
LAK 25240.625742
LBP 100198.860137
LKR 372.036882
LRD 190.218406
LSL 18.476074
LTL 3.3124
LVL 0.678569
LYD 7.18994
MAD 10.931613
MDL 20.168831
MGA 5154.696566
MKD 61.537079
MMK 2355.45131
MNT 4040.126843
MOP 9.037024
MRU 45.417619
MUR 52.635648
MVR 17.287255
MWK 1940.183737
MXN 20.757946
MYR 4.550492
MZN 71.694922
NAD 18.476467
NGN 1511.117004
NIO 41.080517
NOK 10.591371
NPR 168.024596
NZD 1.992282
OMR 0.431334
PAB 1.118991
PEN 3.850168
PGK 5.036348
PHP 70.539693
PKR 310.28975
PLN 4.389853
PYG 6993.941377
QAR 4.090166
RON 5.344054
RSD 117.600026
RUB 92.829783
RWF 1655.386125
SAR 4.218456
SBD 9.083595
SCR 15.499005
SDG 674.769145
SEK 10.979891
SGD 1.433987
SHP 0.834708
SLE 25.745278
SLL 23523.707401
SOS 639.49464
SRD 42.12607
STD 23219.110943
STN 24.499795
SVC 9.790918
SYP 14585.71602
SZL 18.394354
THB 37.532806
TJS 10.271614
TMT 3.937538
TND 3.373835
TOP 2.701038
TRY 56.35092
TTD 7.588936
TWD 36.944982
TZS 2965.070174
UAH 50.972382
UGX 4581.879907
USD 1.121806
UYU 45.119622
UZS 13421.887498
VES 1006.461826
VND 28718.223285
VUV 134.617914
WST 3.118735
XAF 655.957
XAG 0.021385
XAU 0.000275121943
XCD 3.031736
XCG 2.016583
XDR 0.793175
XOF 655.957
XPF 119.331742
YER 265.316891
ZAR 18.390135
ZMK 10097.597076
ZMW 22.741809
ZWL 361.220945
SSP 6445.686929
MXV 2.332964
  • RYCEF

    0.1000

    19.81

    +0.5%

  • VOD

    -0.2500

    16.33

    -1.53%

  • CMSC

    -0.2800

    20.12

    -1.39%

  • RBGPF

    -2.0000

    65

    -3.08%

  • RIO

    -0.2500

    94.16

    -0.27%

  • BTI

    -1.2000

    54.85

    -2.19%

  • NGG

    -0.3000

    74.94

    -0.4%

  • GSK

    -0.3500

    49.35

    -0.71%

  • BCE

    -0.4200

    20.14

    -2.09%

  • CMSD

    -0.3400

    19.93

    -1.71%

  • BP

    -0.9100

    43.52

    -2.09%

  • RELX

    0.1700

    33.24

    +0.51%

  • BCC

    -0.6200

    75.97

    -0.82%

  • AZN

    -1.9400

    164.21

    -1.18%

  • JRI

    0.0000

    10.77

    0%

Trump trade envoy pick says universal tariffs should be 'considered'
Trump trade envoy pick says universal tariffs should be 'considered' / Photo: SAUL LOEB - AFP

Trump trade envoy pick says universal tariffs should be 'considered'

US President Donald Trump's trade envoy nominee Jamieson Greer told his confirmation hearing Thursday that universal tariffs should be "studied and considered" as a potential way to reverse offshoring and deficits.

Text size:

On the campaign trail, Trump had floated the idea of across-the-board tariffs on all US imports and Greer would be a crucial figure in implementing the president's trade and tariffs agenda if confirmed as US trade representative.

Trump has also imposed an additional tariff on Chinese imports taking effect this week, while threatening broad tariffs on Canada and Mexico.

Addressing the Senate Finance Committee, Greer said US workers ought to have a "level playing field" to compete globally, and stressed the need for the world's biggest economy to have a "robust manufacturing base."

Greer, a partner at law firm King & Spalding, served as chief of staff to Trump's former trade representative Robert Lighthizer during his first presidential term.

During that time, Greer helped to see through a trade deal between the United States, Mexico and Canada -- although Trump has since announced and paused fresh tariffs on both neighbors as talks continue.

Greer told lawmakers Thursday that the United States should be a "country of producers," as he faced questions by lawmakers on trade.

He also noted that the United States needs to "gain market access where things have been closed," calling for the use of "all the tools at our disposal" in order to do so.

He added there is a "relatively short window of time" to restructure the international trade system to better serve US interests.

Beyond the issue of reciprocity with Beijing, Washington has to have a "balanced relationship" overall with China, Greer said.

He added that if confirmed, he would swiftly assess and enforce China's compliance with a Phase One trade deal Washington and Beijing inked in 2020, marking a truce in the trade war between both sides.

Greer additionally said he was committed to looking at other unfair trade practices if confirmed as USTR.

During Trump's first term from 2017 to 2021, the United States introduced tariffs on billions of dollars worth of imports -- notably on China but also America's allies.

In particular, the first Trump administration imposed levies on some $300 billion in Chinese goods as Washington and Beijing engaged in an escalating tariff war.

Lighthizer emerged as a strongman in trade talks as he sought to force changes in Beijing's economic policies.

Greer is also set to work on reining in the country's trade deficit, protecting American industries and widening export markets, Trump had previously said when announcing his nomination to the post.

K.Hashimoto--JT