Secretary of the Treasury Scott Bessent indicated that the negotiations could touch on “a whole box of things we’ve got to overcome: tariffs, non-tariff barriers, trade barriers, currency manipulation and subsidization of labor and facilities.” The Growth Commission Report recommends that U.S. trade negotiations focus on American tariffs “as market-correcting mechanisms designed to: (1) penalize distortive behavior; (2) create reform incentives for offending countries; and (3) level the playing field for U.S. producers.” Specifically, U.S. “ACMD tariffs would phase down as offending countries” reduce their ACMDs, “bringing transparency and accountability to a volatile trade environment.” The Federal Trade Commission and the Justice Department, consulting with the White House and agencies, will then have 90 days to present a master list of regulations recommended for repeal or modification.
Author: Alden Abbott, Contributor, Alden Abbott, Contributor https://www.forbes.com/sites/aldenabbott/
Published at: 2025-04-15 21:54:17
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