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Trump trade official defends tariffs against Australia despite US trade surplus

April 08, 2025

(CNN) โ€“โ€“ President Donald Trumpโ€™s US Trade Representative Jamieson Greer on Tuesday defended the administrationโ€™s expansive tariffs, saying that its concerns would not be resolved overnight, and in at least one case, the tariffs were about โ€œrunning up the score.โ€

Greerโ€™s comments came during a routine hearing with the Senate Finance Committee, which happened in the wake of the stock marketโ€™s mass selloff triggered by Trumpโ€™s sweeping tariff plan. Starting Wednesday all countriesโ€™ goods will be subject to a minimum 10% tariff, with rates much higher for 60 countries the administration deems the โ€œworst offendersโ€ in terms of trade barriers.

Greer affirmed that those tariffs will go into effect on Wednesday and said that heโ€™s not concerned with the stock marketโ€™s turmoil, which has amounted to trillions of dollars in market value wiped out in just a few days.

โ€œI know everyoneโ€™s concerned about Wall Street. Iโ€™m just concerned about Main Street,โ€ he said.

โ€œOur large and persistent trade deficit has been over 30 years in the making, and it will not be resolved overnight,โ€ Greer told the Senate Finance Committee during a routine hearing. โ€œBut all of this is in the right direction, particularly as we start to negotiate with these countries.โ€

Greer said the presidentโ€™s โ€œstrategy is already bearing fruitโ€ and that nearly โ€œ50 countries have approached me to discuss the Presidentโ€™s new policy and explore how to achieve reciprocity.โ€ He added that โ€œmanyโ€ of them have signaled that they donโ€™t plan to retaliate against the United States.

During the hearing Sen. Ron Wyden of Oregon, the Democratic ranking member of the committee, decried Trumpโ€™s sweeping tariffs and said he is introducing a new resolution โ€œto end the latest crop of global tariffs that are clobbering American families and small businesses.โ€

โ€œThe Trump aimless, chaotic tariff spree has proven beyond a doubt that Congress has given far too much of our constitutional power on international trade over to the executive branch,โ€ Wyden said. โ€œIt is time to take that power back.โ€

Non-trade barriers take the spotlight

Throughout the hearing, Greer pointed to the prominent role that so-called non-trade barriers are playing in Trumpโ€™s trade policy, one of them being foreign countriesโ€™ regulations that he said are rooted in โ€œfake science.โ€

Greer told the committee that India has stringent restrictions around imports, which he claimed are based on โ€œfake scienceโ€ and are being used โ€œto block our imports.โ€ He also pointed to Australia having โ€œbarriers to the export of beef from the United States.โ€

American beef is not officially banned in Australia, but the Australian Bureau of Statistics says that none has been imported into the country since 2005.

โ€œAnd itโ€™s not just beef,โ€ Greer said. โ€œAustralia also blocks onโ€ฆ fake science grounds the export of fresh and frozen US pork, so itโ€™s incredible that they do this. We have zero exports of the fresh and frozen US pork to Australia.โ€

The US Department of Agriculture last year said that โ€œthe US has reestablished itself as Australiaโ€™s primary source of pork imports in the first half of 2024.โ€

In a contentious exchange with Sen. Mark Warner of Virginia, Greer said that new tariffs on Australia are warranted despite the country having a $17.9 billion trade surplus with the US, as of 2024.

He said โ€œthat tariffs on Australia are necessary because โ€œweโ€™re addressing the $1.2 trillion deficit, the largest in human history that President Biden left us with, we should be running up the score in Australia.โ€

Australia and the US have a free trade agreement in place, but โ€œdespite the agreement, they ban our beef, they ban our pork,โ€ Greer said.

Warner said that โ€œthe lack of trust from friends and allies based upon this ridiculous policy that goes into full effect at midnight tonight is extraordinary.โ€

Meanwhile, some Republicans, such as Sen. Marsha Blackburn of Tennessee, praised the administrationโ€™s focus on addressing non-tariff barriers.

Several Democrats throughout the hearing mentioned the stock marketโ€™s decline after Trump announced his tariffs last week. Greer said heโ€™s not concerned about that.

Stocks regained some ground Tuesday morning, after they plummeted in the prior three trading sessions. Those declines wiped out trillions in just a few days.

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