Tariffs: The U.S. says it seeks to maintain trade agreements already signed with various countries
The U.S. plans to uphold existing trade agreements despite a Supreme Court ruling that deemed many of Trump's tariffs illegal.
On Sunday, U.S. Trade Representative Jamieson Greer stated that the White House aims to maintain trade agreements signed with various countries, including Argentina, despite a recent Supreme Court decision that declared many of Donald Trump's tariffs illegal. This ruling raised concerns about the future of these agreements, particularly those with nations like South Korea, Japan, the United Kingdom, and the European Union, which were also involved in trade pacts with the U.S.
In an interview on CBS's Face the Nation, Greer was questioned by host Margaret Brennan about the implications of the Court's decision on existing contracts. He reassured viewers that discussions with trade officials from the European Union and other nations took place over the weekend. Greer emphasized that regardless of the Supreme Court's ruling, there would still be tariffs in place as the current administration's trade policy would persist.
This declaration reflects the Biden administration's intention to uphold trade relationships and indicates a commitment to future negotiations while navigating the complex legal landscape created by the Supreme Court's ruling. Such an approach may provide stability for U.S. trading partners and highlight the administration's focus on fostering international economic ties while addressing previous tariff issues.