USTR Greer:US is losing advanced manufacturing along with basic manufacturing | Forexlive

USTR Greer is speaking on trade:

• US is losing advanced manufacturing along with basic manufacturing
• China’s cumulative tariff rate is 55%
• Trump’s expanded tariff program is bearing fruit in terms of industrial investment in the US.
• I want to reverse the trend of the US trade deficit, keep it decreasing over time.
• We have to be clear eyed about challenge before US in re-industrializing the US.

It might be that Greer is laying the pipe ahead of meetings with House Ways and Means Committee. The House Ways and Means Committee is one of the most powerful committees in the U.S. House of Representatives. Its primary responsibility is overseeing legislation related to taxes, tariffs, and other revenue-raising measures.

The president has been using the “National security” power to enact tariffs