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 indicated on Tuesday that the Trump administration will factor in tariff caps established in trade agreements with nations when determining possible additional duties during an investigation into excess industrial capacity. Addressing journalists prior to a Group of 20 trade ministers conference, Greer expressed his intention to refrain from speculating about the results of a pending Section 301 inquiry, which is anticipated to concentrate on excess capacity in China and other significant trading partners.
He added, "We value those deals, and we will certainly take them into account when we re looking at any outcomes of that report." Greer further noted that many of the agreements would significantly alleviate the effects of excess capacity upon implementation.
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