Senior US officials said President Donald Trump\u2019s tariff defeat at the Supreme Court won\u2019t unravel deals negotiated with US partners as they sought to defend the administration\u2019s assertive trade policies.<\/p>\n
Those deals \u2014 which the administration made with partners including China, the European Union, Japan and South Korea \u2014 remain in place, US Trade Representative Jamieson Greer said Sunday on CBS\u2019s Face the Nation. He sought to separate those arrangements from the planned 15% global tariff Trump announced Saturday.<\/p>\n
\u201cWe want them to understand these deals are going to be good deals,\u201d Greer said. \u201cWe\u2019re going to stand by them. We expect our partners to stand by them.\u201d<\/p>\n
Friction over the renewed uncertainty spilled out Sunday as the European Parliament\u2019s trade chief said he\u2019ll propose freezing the EU\u2019s ratification of a trade deal with the US until the Trump administration clarifies its policy. In New Delhi, officials cited similar reasons for India postponing talks in the US this week on finalizing an interim trade deal.<\/p>\n
The US Supreme Court ruling that struck down Trump\u2019s use of emergency authority to wield tariffs preceded his planned trip next month to China. Greer suggested that alternative US trade tools, including those involving investigations of other countries\u2019 trade practices, would give the US leverage.<\/p>\n
\u201cWe have tariffs like this already in place on China, we have open investigations already,\u201d he said.<\/p>\n
Trump is expected to meet Chinese President Xi Jinping during his visit starting March 31.<\/p>\n
\u201cThe president and Xi have a strong relationship,\u201d Greer told Fox News Sunday. The US maintains an average tariff of 40% on China without using the emergency law struck down by the court, he said.<\/p>\n
Trump\u2019s approach to trade, largely nullified by the Supreme Court, nevertheless has riled US trading partners worldwide, including the EU.<\/p>\n
Greer said he \u201cspoke with my counterpart from the EU this weekend\u201d and would be talking with officials of other key US trading partners to reassure them.<\/p>\n
\u201cRest assured, I\u2019ve been speaking to these folks as well,\u201d Greer told CBS. \u201cI\u2019ve been telling them for a year \u2014 whether we won or lost, we were going to have tariffs, the president\u2019s policy was going to continue.\u201d<\/p>\n
\u201cThat\u2019s why they signed these deals even while the litigation was pending,\u201d he said.<\/p>\n
The European Commission, the EU\u2019s executive arm in Brussels, said Sunday it wants \u201cfull clarity\u201d on the Trump administration\u2019s next steps. \u201cA deal is a deal,\u201d the bloc\u2019s executive arm said in a statement, adding that it expects the US to honor its commitments under a trade deal signed in August.<\/p>\n
European Central Bank President Christine Lagarde said it\u2019s \u201ccritically important\u201d for global trade to \u201chave clarity\u201d from the US administration.<\/p>\n
\u201cI hope it\u2019s going to be clarified, and it\u2019s going to be sufficiently thought through so that we don\u2019t have, again, more challenges and the proposals will be in compliance with the constitution, in compliance with the law,\u201d Lagarde said on Face the Nation.<\/p>\n
Treasury Secretary Scott Bessent said earlier Sunday the US was in contact with its foreign trading partners \u201cand they like the tariff deals.\u201d<\/p>\n
\u201cSo you know, they\u2019re not going to be changed,\u201d Bessent said on Fox News\u2019 Sunday Morning Futures.<\/p>\n
Representative Don Bacon, a Republican tariff skeptic who has praised the Supreme Court ruling, said in a social post that Trump\u2019s new 15% tariff order \u201cwill not endure.\u201d<\/p>\n
The new tariffs will be based on Section 122 of the 1974 Trade Act, which allows the president to impose tariffs for 150 days without congressional approval under specific circumstances, including \u201clarge and serious\u201d balance of payments deficits.<\/p>\n
\u201cIt is not Constitutional,\u201d Bacon said on X. \u201cIt\u2019s not only terrible policy, but it is also bad politics.\u201d<\/p>\n
Read More: EU May Freeze US Trade Deal Approval on Trump Tariff \u2018Chaos\u2019<\/p>\n
Greer signaled that US trade partners shouldn\u2019t count on tariff relief based on the Supreme Court ruling.<\/p>\n
He said the 15% global tariff that Trump announced Saturday is \u201croughly equivalent to the types of tariffs that we had in place\u201d under the International Emergency Economic Powers Act \u2014 the tool that the court ruled Trump can\u2019t use for tariffs.<\/p>\n
\u201cThe reality is, we want to maintain the policy we have, have as much continuity as possible,\u201d Greer said on ABC\u2019s This Week.<\/p>\n
Source: RhinoEasy News<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":" Senior US officials said President Donald Trump\u2019s tariff defeat at the Supreme Court won\u2019t unravel deals negotiated with US partners<\/p>\n","protected":false},"author":1,"featured_media":1723,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"colormag_page_container_layout":"default_layout","colormag_page_sidebar_layout":"default_layout","footnotes":""},"categories":[9],"tags":[],"class_list":["post-1724","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance"],"_links":{"self":[{"href":"https:\/\/rhinoeasy.com\/index.php?rest_route=\/wp\/v2\/posts\/1724","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/rhinoeasy.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/rhinoeasy.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/rhinoeasy.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/rhinoeasy.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1724"}],"version-history":[{"count":0,"href":"https:\/\/rhinoeasy.com\/index.php?rest_route=\/wp\/v2\/posts\/1724\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/rhinoeasy.com\/index.php?rest_route=\/wp\/v2\/media\/1723"}],"wp:attachment":[{"href":"https:\/\/rhinoeasy.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1724"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/rhinoeasy.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1724"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/rhinoeasy.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1724"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}