- Vietnamese EV maker Vinfast reports $550 million Q3 loss
- Hello Kitty owner plunges 17% on sharesale plan
- Giannis-less Bucks edge Heat, Rockets advance in NBA Cup
- Environmentalists slam lobbyist influence on plastic talks
- Global security hotspots awaiting Trump in 2025
- Eddie Jones tells Japan to keep faith after heavy defeats
- Five forgotten conflicts of 2024
- Adani Group says it lost nearly $55 bn as US charges sparked rout
- Bumper election year brings headwinds for liberal democracies
- New Zealand pace bowler Smith to make debut in first England Test
- Protesters for jailed ex-PM Khan cleared from Pakistan capital's centre
- 'Very, very slow': plastic treaty talks grind forward
- Australian cop guilty of manslaughter after tasering 95-year-old
- Trump names trade envoy, top economic advisor to fill policy team
- China expected to hit peak coal consumption in 2025: report
- What to expect from the new EU top team's first 100 days
- New EU commission to get all clear as daunting task awaits
- German family winery taps into zero-alcohol trend
- World leaders react to Lebanon war ceasefire
- Paddington: the affable bear who became a lucrative business
- Hand-built fantasy tower brings value to Tokyo, creator says
- Asian markets mixed as traders eye fresh trade tensions
- Ceasefire begins in Israel-Hezbollah war
- Banned Ryan Garcia eyes New Year's Eve exhibition in Japan
- In US, a guitar trademark feud gets political
- China investigates defence minister for corruption: report
- 'American Railroad' musical project showcases untold immigrant stories
- Future of deep-sea mining stands at a crucial juncture
- Australia marks 10 years since death of cricketer Phillip Hughes
- Russia accuses UK diplomat of spying in fresh diplomatic spat
- Teen who lied about beheaded French teacher's class says 'sorry'
- Drake takes Kendrick Lamar rap feud to US courts
- Bolivia announces $1 bn deal with China to build lithium plants
- NFL-best Chiefs and Lions face short-rest US holiday test
- Alleged smuggler had meth-soaked cow onesie in suitcase: US officials
- Man City blow three-goal lead in Champions League, Bayern beat PSG
- Arsenal deliver Champions League statement of intent: Arteta
- Man City not 'stable', says Guardiola after Feyenoord collapse
- League fines Hawks $100,000 for Young missing NBA Cup game
- Man City blow 3-0 lead to extend winless run in Feyenoord thriller
- Kim heads Bayern past 10-man PSG to dent Champions League hopes
- Lewandowski hits Champions League century as Barca beat Brest
- Inter take Champions League lead with narrow win over Leipzig
- Arsenal crush Sporting in Champions League to extend revival
- Ceasefire in Israel-Hezbollah war to take effect
- Egyptian clubs go on scoring sprees in CAF Champions League
- Biden hails Lebanon ceasefire deal as 'good news'
- Brazil's Bolsonaro 'participated' in 2022 coup plot against Lula: police
- Barcelona striker Lewandowski scores 100th Champions League goal
- Autos, food: What are the risks from Trump's tariff threat?
RBGPF | 100% | 60.1 | $ | |
RELX | 0.51% | 46.81 | $ | |
SCS | -1.33% | 13.54 | $ | |
RYCEF | -0.29% | 6.78 | $ | |
GSK | -0.38% | 34.02 | $ | |
RIO | -1.53% | 62.03 | $ | |
BTI | 1.01% | 37.71 | $ | |
AZN | -0.06% | 66.36 | $ | |
CMSC | -0.65% | 24.57 | $ | |
NGG | -0.68% | 62.83 | $ | |
CMSD | -0.61% | 24.43 | $ | |
VOD | -0.56% | 8.86 | $ | |
BCC | -2.76% | 148.41 | $ | |
JRI | -0.98% | 13.24 | $ | |
BCE | -1.46% | 26.63 | $ | |
BP | -1.24% | 28.96 | $ |
Trump names trade envoy, top economic advisor to fill policy team
Donald Trump on Tuesday named Jamieson Greer his trade representative, a key figure in implementing the president-elect's economic agenda, particularly his plans to use tariffs to raise revenue and help bring more manufacturing to US shores.
Trump also picked Kevin Hassett as his top economic advisor, bringing the member of his first administration to head the White House National Economic Council. Hassett is set to help advance Trump's plans too, ranging from tax cuts to widening energy production.
"Jamieson played a key role during my First Term in imposing Tariffs on China and others to combat unfair Trade practices," said Trump of Greer, who served as chief of staff to US Trade Representative Robert Lighthizer during Trump's previous administration.
He also cited Greer's experience in helping to see through a trade deal between the United States, Mexico and Canada.
Greer is a partner at law firm King & Spalding.
During Trump's first term from 2017 to 2021, the United States introduced tariffs on billions of dollars worth of imports -- notably on China but also America's allies.
In particular, the Trump administration imposed levies on some $300 billion in Chinese goods as Washington and Beijing engaged in an escalating tariff war.
Lighthizer emerged as a strongman in trade talks as he sought to force changes in Beijing's economic policies.
If confirmed by the Senate, Greer, who is viewed as Lighthizer's protege, will be charged with rolling out Trump's tariff policy and negotiating trade deals.
Hassett, formerly Trump's Council of Economic Advisers chair, will not require Senate confirmation.
"He will play an important role in helping American families recover from the Inflation that was unleashed by the Biden Administration," Trump said Tuesday.
Hassett will also have a role pushing for a renewal of Trump's previous tax cuts.
- Manufacturing return -
Trump on Tuesday lauded Greer's efforts under Lighthizer, saying his work helped bring manufacturing jobs back to America.
As US Trade Representative, Greer is set to work on reining in the country's trade deficit, protecting American industries and widening export markets, Trump added.
Trump has vowed sweeping tariffs of at least 10 percent on allies and adversaries alike, and a steeper level on China.
The aim is to raise government revenue and target countries he said have been "ripping us off," while pushing businesses to bring production back to US shores.
Even before he takes office in January, Trump has threatened to begin his presidency with an immediate trade war against three top US economic partners: China, Mexico and Canada.
It remains unclear what role Lighthizer might assume in Trump's second term, but he is expected to remain influential within the president-elect's orbit.
As part of his earlier role at the USTR's office, Greer was involved in Washington's decisions to impose tariffs on Beijing in Trump's first term, and come to a "Phase One" trade deal in 2020.
The deal marked a truce in the trade war between the world's two biggest economies.
But China has yet to meet its commitments of boosting purchases of American products and services over 2020 and 2021, as the world grappled with the Covid-19 pandemic.
V.F.Barreira--PC