The post Trump’s Trade Representative Jamieson Greer wants America to just dump China forever appeared on BitcoinEthereumNews.com.

Jamieson Greer, Donald Trump’s pick for Trade Representative, is ready to do what many American leaders have only whispered: push for a complete economic break-up with China. He sees Beijing as a long-term threat, not just an economic rival, and he’s got a complete blueprint to yank the U.S. out of China’s orbit. Greer has been clear that this strategy will hurt. “Short-term pain,” he says, but for what he believes is a long-term win for America. During Trump’s first term, Greer worked as chief of staff to Robert Lighthizer, the former U.S. Trade Representative. He played a major role in crafting and enforcing the tariffs that defined Trump’s trade war with China. Now Greer is stepping into the top job, armed with an even tougher approach. The incoming administration’s plans are already underway, with Trump pledging to slap 25% tariffs on imports from Canada and Mexico and add a 10% tax on Chinese goods. The war on tariffs and trade relations Greer’s first big move? He wants Congress to strip China of its “permanent normal trade relations” (PNTR) status, a label Beijing secured back in 2000 when it joined the World Trade Organization. Without this status, China’s exports to the U.S. (worth $500 billion last year) would face much higher tariffs. It would also lump China into the same penalty box as Cuba, North Korea, and Belarus. For Greer, this is about making sure America stops playing by what he sees as Beijing’s rigged rules. There’s also the issue of Chinese companies sneaking around tariffs by manufacturing goods in other countries. Greer wants that loophole closed. He proposes strict rules to ensure that if a Chinese company builds something in a third country—say, Mexico—or if a product contains significant Chinese parts, it won’t qualify for tariff exemptions under free…

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Filed under: News - @ November 27, 2024 1:24 pm