USTR

Mexico, U.S. spar over RRM’s scope in second panel hearing

Mexico and the U.S. are again sparring over where the responsibilities of a U.S.-Mexico-Canada Agreement labor dispute panel begin and end, with Mexico telling the second-ever panel composed under the deal’s novel facility-specific enforcement tool that it should conclude -- as the first panel did -- that it lacks jurisdiction. The U.S. and Mexico last week testified during a two-day hearing in Mexico City on a labor dispute at a Mexican call center operated by Atento Servicios S.A. de C.V...

Pressured by senators, Greer says Trump not considering tariff exemptions

The president is not considering exemptions to his “reciprocal” tariffs despite suggestions from other administration officials that he is, U.S. Trade Representative Jamieson Greer has told the Senate Finance Committee. In answers to questions for the record posed by Finance members following his April 8 hearing, Greer said the only products exempted are those that are or could be subject to remedies under Section 232 of the Trade Expansion Act of 1962. “The President is not considering exemptions or exclusions...

Greer fields blitz of sideline talks at APEC amid rush to negotiate tariffs

U.S. Trade Representative Jamieson Greer took meetings with counterparts from across the Pacific region during an Asia-Pacific Economic Cooperation trade ministerial in South Korea, as a host of trading partners sought to negotiate carveouts from President Trump’s “reciprocal” tariffs. Greer made his first APEC appearance as USTR at the body’s May 15-16 Ministers Responsible for Trade Meeting. The administration had signaled sideline talks would be a priority -- it originally announced the trip as an opportunity to continue tariff negotiations...

Tariff ‘uncertainty’ looms over APEC as ministers call for plurilateral action

Asia-Pacific Economic Cooperation leaders used a just-concluded trade meeting this week to warn that rising tariffs and trade disputes risk dampening the region’s economy even as its members -- including the U.S. -- issued a joint statement backing “plurilateral” efforts such as the World Trade Organization and a long-stalled free trade initiative. “From tariff hikes and retaliatory measures to the suspension of trade facilitation procedures and the proliferation of non-tariff barriers, we are witnessing an environment that is not conducive...

Greer, Bessent tout creation of trade consultation mechanism with China

A new mechanism the U.S. and China have devised to discuss trade and economic issues is a much-needed step toward a meaningful agreement, Treasury Secretary Scott Bessent said on Monday, joining U.S. Trade Representative Jamieson Greer in touting renewed communications with their Chinese counterparts they said were greatly diminished under the previous administration. After weekend talks , the U.S. and China on Monday issued a joint statement saying that in addition to almost completely removing tit-for-tat tariffs imposed over the...

Trump enlists USTR, Commerce in bid to lower U.S. drug prices

President Trump has signed an executive order crafted to cut drug prices in the U.S. that, among other provisions, directs the Commerce Department and the Office of the U.S. Trade Representative to “take action” against countries that “undercut market prices” for their own benefit -- with threats to raise tariffs or limit U.S. market access for those that persist. The May 12 order is designed to “equalize” prices that pharmaceutical companies charge customers across the world, targeting a common practice...

China: Talks with U.S. lead to new trade consultation mechanism, ‘major consensuses'

The U.S. and China during talks this weekend in Geneva agreed to establish a new “economic and trade consultation mechanism,” according to Xinhua, a Chinese state-run news agency. U.S. Treasury Secretary Scott Bessent and U.S. Trade Representative Jamieson Greer met with Chinese Vice Premier He Lifeng on Saturday and Sunday in Switzerland. President Trump has imposed a total of 145 percent in new tariffs on Chinese goods, with Beijing retaliating with similar duties on U.S. exports. The White House on...

White House hails ‘trade deal’ with China; details to follow

The White House on Sunday said it had struck a trade deal with China after two days of talks in Geneva, though details won’t be released until Monday. In a statement headlined “U.S. Announces China Trade Deal in Geneva,” U.S. Trade Representative Jamieson Greer, who led the negotiations along with Treasury Secretary Scott Bessent, touted “a very constructive two days” with their Chinese counterparts. “It’s important to understand how quickly we were able to come to agreement, which reflects that...

Swiss president: U.S. officials agreed to accelerate trade talks

Switzerland and the U.S. have agreed to accelerate trade talks, the Swiss president said on Friday following a meeting with senior Trump administration officials in Geneva. Ahead of talks with their Chinese counterparts set to begin on Saturday, Treasury Secretary Scott Bessent and U.S. Trade Representative Jamieson Greer met with Swiss President Karin Keller-Sutter, also the country’s finance minister, and Economy Minister Guy Parmelin, to discuss so-called “reciprocal” U.S. tariffs imposed by President Trump and later suspended for 90 days...

Ahead of talks in Geneva, Trump suggests lowering tariffs on Chinese goods

President Trump on Friday morning suggested an 80 percent tariff rate on Chinese goods – well below the 145 percent level now in place – “seems right,” deferring to Treasury Secretary Scott Bessent ahead of talks with Chinese officials in Geneva this weekend. Bessent and U.S. Trade Representative Jamieson Greer will meet with Chinese counterparts in Switzerland to begin trade negotiations following Trump’s imposition and escalation of tariffs – because, he said, the country isn’t doing enough to stem the...

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