US trade chief to consider trade deal tariff caps in excess capacity probe
The Trump administration has used its G20 presidency this year to highlight China's excess production capacity and over-reliance on exports for growth.
US Trade Representative Jamieson Greer hinted on Tuesday that the Trump administration will consider tariff caps negotiated in trade deals when evaluating potential new duties during an investigation into excess industrial capacity. Speaking ahead of a Group of 20 trade ministers meeting, Greer emphasized that he does not want to anticipate the results of the pending Section 301 investigation, which is anticipated to focus on excess capacity in China and other major trading partners.
He stated, "I don't want to get ahead of the report and proposed action, but I guess what I'll say on that is we value those deals, and we will certainly take them into account when we're looking at any outcomes of that report." Greer also noted that many of the trade deals, once implemented, would significantly reduce the impact of excess capacity in the affected countries.
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- US trade chief to consider trade deal tariff caps in excess capacity probe freemalaysiatoday.com
