Close Menu
    Facebook X (Twitter) Instagram
    Trending
    • Harvey Weinstein convicted of sex crime as jury deliberations continue
    • Large protests in Colombia in support of President Petro’s labour reforms | Conflict News
    • Nick Chubb gives update on recovery from latest injury setback
    • Ignore Greta Thunberg’s circus — there’s a real path to help Gaza
    • A Syrian Committee for Civil Peace Angers Those Demanding Justice
    • NEW: Florida Man Who Pleaded Guilty After ‘Stealing’ Ashley Biden’s Abandoned Diary Avoids Prison Time | The Gateway Pundit
    • Beach Boys cofounder Brian Wilson dies at age 82, leaves legacy of musical brilliance and personal struggle
    • WTC final: Australia-South Africa – Rabada rebounds with five-for | Cricket News
    News Study
    Wednesday, June 11
    • Home
    • World News
    • Latest News
    • Sports
    • Politics
    • Tech News
    • World Economy
    • More
      • Trending News
      • Entertainment News
      • Travel
    News Study
    Home»World Economy

    Donald Trump taps Jamieson Greer for US trade representative

    Team_NewsStudyBy Team_NewsStudyNovember 27, 2024 World Economy No Comments4 Mins Read
    Share
    Facebook Twitter LinkedIn Pinterest Email


    Unlock the White Home Watch e-newsletter totally free

    Your information to what the 2024 US election means for Washington and the world

    Donald Trump has tapped Jamieson Greer to be the US commerce consultant and Kevin Hassett as director of the Nationwide Financial Council, rounding out his financial crew after launching the primary large tariff threats of his presidential transition.

    Greer, a lawyer at King & Spalding in Washington, is a protégé of Robert Lighthizer, USTR throughout Trump’s first time period, who championed the usage of tariffs and led commerce disputes with China and Europe in addition to the renegotiation of the Nafta commerce cope with Canada and Mexico. On the time, Greer served as Lighthizer’s chief of workers.

    Greer’s nomination got here after Trump on Monday threatened to impose 25 per cent tariffs on imports from Canada and Mexico and 10 per cent tariffs on China on his first day in workplace, firing the primary salvo for the reason that election towards the highest US commerce companions.

    On the marketing campaign path, Trump promised blanket levies of 20 per cent on all US imports, in addition to tariffs of 60 per cent on these from China, suggesting his second-term insurance policies may very well be much more protectionist and disruptive to the worldwide economic system and markets.

    “[Greer’s] efforts underneath the previous USTR, Bob Lighthizer, a spectacular chief and individual, helped spur the return of Manufacturing jobs to America, and reverse many years of disastrous Commerce insurance policies,” Trump stated in an announcement asserting the appointment.

    Whereas USTR is answerable for commerce negotiations, it’s unclear whether or not Greer will wield the identical affect that Lighthizer did within the function.

    Final week, Trump selected Howard Lutnick, the co-chair of his transition crew, to be his nominee for commerce secretary. He stated Lutnick would “lead our tariff and commerce agenda, with further direct accountability for the Workplace of the [USTR]”, which would go away Greer with a diminished function.

    Trump additionally chose Scott Bessent as his nominee for Treasury secretary final week. The hedge fund supervisor may even have a vital function in shaping worldwide financial coverage.

    Like Bessent, Hassett is seen as a pragmatic pick who can be well-received by Washington and Wall Avenue. Hassett beforehand served as chair of the Council of Financial Advisors throughout Trump’s first presidential time period. On the NEC, he can be tasked with co-ordinating financial coverage.

    In his new function, Hassett, a longtime supporter of the president-elect, may even can be instrumental in guiding Trump on extending tax cuts which can be set to run out. Trump has additionally made deregulation a pillar of his financial agenda, particularly because it pertains to the oil trade.

    Hassett — who beforehand labored with former president George W Bush and Republican presidential candidates John McCain and Mitt Romney — has lengthy been a supporter of Trump’s tariff proposals in addition to his plans to chop taxes.

    Really useful

    In an interview with the Financial Times in October, Hassett talked about tariffs as a negotiating instrument and backed a robust greenback, saying it “has been an essential a part of the worldwide economic system for a very long time”.

    He additionally stated an unbiased Federal Reserve was a “constructive”, suggesting he may very well be at odds with Trump’s curiosity in having a greater say over financial coverage selections. Hassett can also be seen as a possible contender to interchange Jay Powell when the Fed chair’s time period expires in Might 2026.

    “I believe that it’s essential for fiscal policymakers to grasp that if the Fed’s job is worth stability, then the Fed should reply to fiscal coverage,” Hassett stated.



    Source link

    Team_NewsStudy
    • Website

    Keep Reading

    EU targets Chinese banks over Russian trade links

    How China beat Trump before the trade battle even started

    US inflation rose less than expected to 2.4% in May

    how the old economic order fell out of favour

    Chinese automakers pledge to pay suppliers faster as price wars intensify

    Gold overtook euro as global reserve asset in 2024, ECB says

    Add A Comment
    Leave A Reply Cancel Reply

    Editors Picks

    Harvey Weinstein convicted of sex crime as jury deliberations continue

    June 11, 2025

    Large protests in Colombia in support of President Petro’s labour reforms | Conflict News

    June 11, 2025

    Nick Chubb gives update on recovery from latest injury setback

    June 11, 2025

    Ignore Greta Thunberg’s circus — there’s a real path to help Gaza

    June 11, 2025

    A Syrian Committee for Civil Peace Angers Those Demanding Justice

    June 11, 2025
    Categories
    • Entertainment News
    • Latest News
    • Politics
    • Sports
    • Tech News
    • Travel
    • Trending News
    • World Economy
    • World News
    About us

    Welcome to NewsStudy.xyz – your go-to source for comprehensive and up-to-date news coverage from around the globe. Our mission is to provide our readers with insightful, reliable, and engaging content on a wide range of topics, ensuring you stay informed about the world around you.

    Stay updated with the latest happenings from every corner of the globe. From international politics to global crises, we bring you in-depth analysis and factual reporting.

    At NewsStudy.xyz, we are committed to delivering high-quality content that matters to you. Our team of dedicated writers and journalists work tirelessly to ensure that you receive the most accurate and engaging news coverage. Join us in our journey to stay informed, inspired, and connected.

    Editors Picks

    Commentary: Why Singapore PM Wong’s recent comments on Israel actions in Gaza are significant

    June 6, 2025

    The ‘NCAA men’s basketball tournament opening round upsets since 2000’ quiz

    March 17, 2025

    Stefanski addresses if he’s forced to play Watson amid struggles

    October 8, 2024

    Pakistan preparing major offensive against Balochistan separatists | Military News

    November 20, 2024
    Categories
    • Entertainment News
    • Latest News
    • Politics
    • Sports
    • Tech News
    • Travel
    • Trending News
    • World Economy
    • World News
    • Privacy Policy
    • Disclaimer
    • Terms & Conditions
    • About us
    • Contact us
    Copyright © 2024 Newsstudy.xyz All Rights Reserved.

    Type above and press Enter to search. Press Esc to cancel.