Greer urges G20 to rethink tariffs and curb food-trade coercion

  • Jamieson Greer urged G20 trade ministers to address food-trade coercion and industrial overcapacity.
  • 28 mostly Western countries agreed to pursue additional tariffs on steel from China and other producers.
  • Canada and India are pursuing a trade deal by year end, alongside the Milwaukee meeting.

U.S. Trade Representative Jamieson Greer urged G20 (Group of 20 major economies) trade ministers to avoid coercive food-trade measures, address industrial overcapacity and re-examine the Most Favored Nation (MFN) tariff system, the World Trade Organization’s framework for equal tariff treatment. Speaking in Milwaukee on Wednesday, Greer outlined the Trump administration’s effort to revive American manufacturing through tariffs, trade agreements and critical-supply-chain measures. The agenda continues Washington’s focus on China’s industrial subsidies, excess capacity and non-market economic policies. At a G20 finance ministers meeting in Asheville, North Carolina, earlier in September, every member except China agreed to address non-market policies and trade distortions that create export dependence. China rejects claims that its industrial policies have produced excess capacity and says Western governments use the issue to justify protectionism. Greer also defended U.S. tariffs on 59 countries and the European Union over alleged weak enforcement against forced labor, arguing that such enforcement creates an artificial price advantage and undermines trust in global trade. Meanwhile, 28 mostly Western countries agreed to work toward additional tariffs on steel from China and other major sources of excess capacity. Canada and India are pursuing a trade deal by year end, while Canada seeks to expand trade beyond the United States amid fresh U.S. restrictions on Canadian alcohol, motorcycles and dairy products.

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Greer urges G20 to rethink tariffs and curb food-trade coercion - CoinPost Terminal