U.S. Trade Representative Jameson Greer stated that no country has withdrawn from tariff agreements with the U.S. following a Supreme Court decision that canceled a significant portion of tariffs imposed by former President Trump.
On a program aired on CBS News, U.S. Trade Representative Jameson Greer addressed concerns about potential withdrawals from international tariff agreements, confirming that no countries have made such announcements in light of a recent Supreme Court ruling that invalidated many of the tariffs set by former President Trump. Greer highlighted that he has been in discussions with his counterpart in the European Union and plans to engage with officials from other nations to clarify their positions on the tariffs.
The comments come after the Supreme Court's decision on Friday, which resulted in the cancellation of a significant number of Trump's tariffs, initially based on economic emergency laws. Shortly thereafter, Trump raised the temporary tariffs from 10% to 15%, underscoring the urgency of mitigating what he termed "enormous trade imbalances" with other countries. Greer indicated this quick adjustment in tariff rates reflects the seriousness of the economic situation and the need for action to address ongoing trade discrepancies.
Greer's remarks appear to aim at reassuring international partners and stakeholders that the U.S. remains committed to its trade agreements. By stating that no country has indicated plans to withdraw from these agreements, Greer seeks to maintain stability and confidence in the U.S. trade framework amidst changing legal landscapes and trade policies.
