USTR Greer is on CNBC and says:
- We have other tools if the tariff ruling goes the other way, as well
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Received emails and texts from foreign officials saying, “we are just going to keep negotiating with you as before.”
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Monitoring Chinese compliance — or non-compliance — with trade agreements.
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Expressed concern over China’s non-compliance, stating it must be addressed.
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Holds daily calls with the Indian Trade Minister.
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Has meetings next week with officials from Malaysia, Vietnam, and the EU.
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Noted the lack of expected flow of critical minerals from China.
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Can expand Section 301 tariffs if needed.
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On trade deficit: China is the biggest problem,
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EU is close behind.
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Will meet with EU official next week
This article was written by Greg Michalowski at www.forexlive.com.