• Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock
Editor's Pick

Trade representative nominee defends Trump tariffs in committee hearing

by February 6, 2025
written by February 6, 2025

President Donald Trump’s pick to serve as the next U.S. trade representative, Jamieson Greer, appeared before the Senate Finance Committee on Thursday and defended proposed tariffs from the Trump administration. 

Greer told lawmakers that the U.S. government previously raked in major funding from tariff revenues until the early 1900s, a time ‘when America truly was exploding as an international industrial powerhouse and we had a relatively high tariff rate.’

‘At the same time, we saw countries like the United Kingdom lowering their tariff rates and actually falling out of industrial competitiveness,’ Greer said to lawmakers. 

Greer also called for bolstering the U.S. manufacturing base, claiming that trade policy has major ramifications on economic and national security issues. 

‘If the United States does not have a robust manufacturing base and innovation economy, it will have little in the way of hard power to deter conflict and protect Americans,’ Greer said. ‘Trade policy can play an important role in ensuring that we have the economic security that leads to strong national security. I am convinced that we have a relatively short window of time to restructure the international trade system to better serve U.S. interests.’ 

Greer, who previously served as the chief of staff to the trade representative during Trump’s first term, played a key role in implementing tariffs during Trump’s first administration, the president said when unveiling Greer’s nomination. 

Specifically, Trump said Greer assisted with imposing tariffs on China and other nations and replacing the trade agreement with Canada and Mexico. 

A lawyer and Air Force Judge Advocate General’s Corps veteran with one deployment to Iraq, Greer’s role as U.S. trade representative would require him to negotiate with foreign governments on trade deals and disputes and membership of international trade bodies like the World Trade Organization. 

 

Greer’s confirmation hearing comes just after Trump announced he would impose new tariffs on Mexico, Canada and China. 

The White House announced Friday that in response to an ‘invasion of illegal fentanyl’ to the U.S., it would impose a 25% tariff on all goods entering the United States from Mexico and Canada, a 10% tariff on Canadian energy and a 10% tariff on all goods entering the U.S. from China. 

Tariffs against China went into effect Tuesday, although Trump agreed to push back tariffs against Mexico and Canada by at least one month after discussions with each respective country about securing the border.

As a result, Democratic lawmakers pressed Greer on whether the tariffs were aimed at renegotiating trade issues or about border security. 

Sen. Ron Wyden, D-Ore., said, ‘Donald Trump governs by whim and in trade that hurts American families.’ 

‘His tariff bluff created huge uncertainty that is costing American businesses and putting the global economy on what I would describe as a month to month lease,’ Wyden said. ‘Frankly, my top priority today is to figure out who the hell in the Trump administration is going to be in charge of trade, what they plan to do, and how this sort of bedlam is going to get straightened out.’

Some Republican lawmakers also voiced concerns with Trump’s tariff plans, and Sen. Steve Daines, R-Mont., said that agriculture communities in Montana suffered after Trump imposed tariffs in his first administration. 

Trump acknowledged on Friday the tariffs might result in ‘temporary, short-term disruption.’ But Democrats claim American taxpayers will end up hurting and paying the price. 

According to one Washington think tank, the nonpartisan Peterson Institute for International Economics, these rounds of tariffs are expected to cost U.S. households roughly $1,200 a year annually.

Fox News’ Louis Casiano contributed to this report. 

This post appeared first on FOX NEWS
0 comment
0
FacebookTwitterPinterestEmail

previous post
Dems delay Patel committee vote, deride Trump FBI pick as danger to US security
next post
‘Damn right’: Liz Cheney’s past USAID employment faces backlash after lashing out at Elon Musk

related articles

DHS scorches Pritzker’s ‘sanctuary’ state after child rapist...

May 1, 2026

Socialist mayor’s blunt 1-word message to fleeing millionaires...

May 1, 2026

DC police captain cites bodycam footage of officers...

May 1, 2026

Amazon explores ‘The Apprentice’ reboot with Trump Jr...

May 1, 2026

MN governor race to replace Walz sees major...

May 1, 2026

Trump’s apocalyptic Iran warning raises stakes for sweeping...

April 7, 2026

Graham eyes ‘down payment’ on Trump-backed SAVE Act...

April 7, 2026

Democrat whose parents fled Iran moves to oust...

April 7, 2026

Midterm alarm bells: Democrats face steep favorability deficit...

April 7, 2026

American journalist kidnapped in Iraq is set free,...

April 7, 2026
Enter Your Information Below To Receive Free Trading Ideas, Latest News, And Articles.


Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

Latest News

  • US ambassador warns Iran at emergency UN meeting that Trump is ‘man of action,’ ‘all options are on the table’

    January 16, 2026
  • Ulta Beauty stock’s post-earnings sell-off is a gift for long-term investors

    March 13, 2026
  • Former Obama official defends keeping Biden on ticket: ‘Presidency is more than just one man’

    July 10, 2024
  • Rubio orders restitution for hundreds of staffers denied promotions under Biden DEI rule

    November 19, 2025
  • Long BSX: Boston Scientific Maintains Nine-Month Uptrend: Targeting $80 After Recent Pullback

    July 11, 2024

Popular Posts

  • 1

    District judges’ orders blocking Trump agenda face hearing in top Senate committee

    April 2, 2025
  • 2

    Secret Service admits leaning on ‘state and local partners’ after claim it ignored Trump team’s past requests

    July 21, 2024
  • 3

    Five more House Democrats call on Biden to drop out, third US senator

    July 19, 2024
  • 4

    CoreWeave eyes $1.5B bond raise to ease debt load following lacklustre IPO: report

    May 9, 2025
  • 5

    Forex Profit Calculator: Maximize Your Trading Potential

    July 10, 2024

Categories

  • Economy (829)
  • Editor's Pick (8,507)
  • Investing (2,290)
  • Stock (1,028)

Latest Posts

  • Newsom rails against Trump’s 25% tariff plan during southern border visit: ‘It’s a betrayal’

    December 6, 2024
  • House GOP’s razor-thin majority threatens to grind Trump’s Capitol Hill agenda to halt

    February 17, 2026
  • Long ENLV: Enlivex Announces Positive Allocetra™ Trial Results, Triggering Bullish Market Reaction

    December 4, 2024

Recent Posts

  • Stefanik undercuts Speaker Johnson in stunning public House GOP spat

    April 29, 2025
  • Grassley releases new details of Iran-backed assassination plots against Trump, Biden and others

    September 5, 2024
  • Amazon ‘anti-union propaganda,’ employee surveillance loom over labor vote at North Carolina warehouse

    February 17, 2025

Editor’s Pick

  • Don Lemon taps Hunter Biden’s attorney to fight Trump DOJ charges

    January 30, 2026
  • House Democrats threaten shutdown fight to protect Obamacare perks

    September 30, 2025
  • Trump tariff plan faces uncertain future as court battles intensify

    May 31, 2025
  • About us
  • Contacts
  • Privacy Policy
  • Terms & Conditions

Disclaimer: moneyrisetoday.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2025 moneyrisetoday.com | All Rights Reserved

Money Rise Today – Investing and Stock News
  • Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock