Trump's top trade official wasn't informed of tariff delay until after announcement
Source: CNN Business
Updated 2:52 PM EDT, Wed April 9, 2025
Washington CNN President Donald Trumps top trade official said he wasnt informed of the 90-day pause on most new tariffs until after it was announced.
At the same moment that US Trade Representative Jamieson Greer was defending Trumps stiff tariffs during a House hearing, Trump said on his social media platform that the administration will delay the additional tariff hike on dozens of countries by 90 days which went into effect for mere hours on Wednesday with the exception of China.
Trumps tariff hike, albeit short-lived, was the sharpest ever according to data going back 200 years, Fitch Ratings told CNN, which would have likely resulted in higher inflation and weaker economic growth if they were kept in place, according to most economists.
When Democratic Rep. Steven Horsford of Nevada asked Greer when he learned of Trumps latest tariff move, he said, Well, I understood the decision was made a few minutes ago. It looks like your boss just pulled out the rug from under you and paused the tariffs, Horsford said. Greer then said he was aware the policy change was a possibility Wednesday morning. But when asked directly if he knew the policy was going into effect, he replied that the administration discusses all kinds of options.
Read more: https://www.cnn.com/2025/04/09/business/trump-top-trade-official-testifies-house-tariffs/index.html

Akoto
(4,291 posts)Snarkoleptic
(6,118 posts)Martin68
(25,516 posts)the made guy on the block.