USTR Greer says the US has been in touch with trade partners to explain how replacement tariffs will go along with current trade deals, tariffs will go up to 15% for some countries
Importance
Level 1
Global
- Will put out a federal register notice on investigations.
- Sections 122, 301 and 232 are alternatives to tariffs.
- Will report findings and calculate the harm to Americans from trade practices.
China
- Have discussed excess capacity with China.
- China understands that we are going to have some level of tariffs.
Canada/Mexico
- We intend to stick with the China deal.
- Courts will tell US the time, place and manner of any type of tariff refunds.
- Talking with Canada and Mexico to avoid economic disruption and reshoring production to the US.
- Canadian counterpart is coming to Washington in coming weeks.
- Open to Canadian ideas on how to reach a deal.
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