Trump Administration's Tariff Deals: Balancing Between Approvals and Limitations
The Trump administration plans to seek congressional approval for comprehensive trade agreements, while expecting more limited deals to ease recent tariffs. Past deals with Japan and South Korea bypassed the full approval process, unlike the 2020 North American Free Trade Agreement update.
- Country:
- United States
The Trump administration intends to pursue congressional approval for any substantial free trade agreements, according to U.S. Trade Representative Jamieson Greer. However, the administration expects that any current deals made to alleviate recent tariffs imposed by President Trump may be more constrained in scope.
In a House Ways and Means Committee hearing, Greer stated, "We will do what the law requires," when questioned about seeking Congressional approval on tariff negotiations.
Previous trade agreements during Trump's first term with Japan and South Korea bypassed the rigorous approval process mandated for the 2020 North American Free Trade Agreement revision.
(With inputs from agencies.)
- READ MORE ON:
- Trump
- trade
- tariffs
- Congress
- agreements
- USTR
- Japan
- South Korea
- NAFTA
- Jamieson Greer
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