Tariff under Trump’s strategy, India ready to reduce trade obstacles: American trade representative Jameson Greer

The trade representative of President Donald Trump has claimed that after the implementation of new trade measures by the India Trump administration, it is now one of the groups of countries planning a low tariff. Speaking to the Senate Finance Committee, Trump’s business representative Jameson Greer defended the President’s decision to declare a national emergency on business and said initial signs show that the strategy is starting to give results.
“Our average tariff on agricultural commodities is 5%, but India’s average tariff is 39%.” “You understand the trend here.” He quoted India as one of many countries-including Argentina, Vietnam and Israel-has expressed a desire to cut both tariffs and non-tariffs under Trump’s push for “mutuality” in business.
“Nearly 50 countries have personally approached me to discuss the new policy of the President and find out how to find out the way of mutuality. And they have spoken with many members of the administration. Many of them, such as Argentina, Vietnam, India and Israel, have suggested that they will reduce their tariffs and non -tariff obstacles with the President’s policy.”
Greer said extensively US trade deficit And the collapse of manufacturing was not an accident, but was the result of “non-deception tariffs, trading obstacles and other economic policies followed by our foreign trading partners”. He described these practices as a “national security emergency”, which severely hurt the American working class.
He warned that the situation had reached a tipping point, with the US lost five million manufacturing jobs and 90,000 factories since 1994. Even in agriculture, where the US traditionally used to run a surplus, the trade balance was in loss in the last two years of the Biden administration.
As part of a broad overhaul, Trump has implemented a global baseline tariff and tightened stringent duties on steel, aluminum, autos and parts not created in the US. Greer said that about 50 countries had reached to discuss these policies. “Many of these … have suggested that they will reduce their tariffs … in line with the President’s policy,” he said.
However, the markets are unstable. While Trump insisted that his tariffs are an essential tool to bring back to the US, Wall Street has responded rapidly, with major indices that have caused large -scale swings. As tariffs on China and others, investors are uncertain whether this approach is a conversation strategy or a permanent change.
Nevertheless, Trump’s business team says they are open to negotiation. “If you have a better idea to achieve mutuality and reduce our business deficit, we want to interact with you,” Greer said.
Wall Street Tumble Tumbles as Tariff Deadline of Trump
On Tuesday, American stocks triggered President Trump’s growing trade war on the growing trade war after a day of extreme market swings. S&P 500 increased early with a gain of 4.1%, only rapidly reversed and shut down 2.6%, kept it down by about 20% from its February high. After giving a rally of 1,460 points, Dow scored 683 points, while Nasdaq fell 3.2%. The markets first rally rally globally, but Bhavna looked at the clock at midnight, when a new wave of American tariffs was determined to effective. According to American trade representative Jaimison Greer, Trump has denied exemption, which is expected to further economic results and instability in the global market.