Trade Representative Greer stated the tariffs target unfair practices and will not impact the Fed's upcoming rate decision
USTR says new tariffs on 60 countries won't affect US prices or rates, hints at second round
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Summary
Currently, USTR is also conducting a Section 301 investigation into 'structural overcapacity', and South Korea is also subject to this investigation. The Federal Reserve will hold the Federal Open Market Committee (FOMC) on the 28th and 29th and decide the benchmark interest rate on the 29th. Representative Greer argued regarding the Section 301 tariffs that they are 'aimed at targeting unfair trade practices by countries to correct problems and create a level playing field'.
Furthermore, Section 301 of the Trade Act allows the United States to investigate unfair trade practices of other countries and, if necessary, take tariff or retaliatory measures. According to USTR, these countries account for 99.4% of total U.S. imports. In an interview with Fox News on the 27th (local time), Representative Greer answered 'no impact at all' when asked about the possibility that the new tariffs could affect the U.S. Federal Reserve's monetary policy decision this week.
In addition, Q. What impact will additional tariffs have on prices? [Breaking] Following KOSPI, KOSDAQ also triggers sell-side circuit breaker. Taxi crashes into officetel building in Bundang late at night... 70-year-old driver dies.
Cross-referenced from 2 sources.
Factual coreconfirmed by several independent voices
Currently, USTR is also conducting a Section 301 investigation into 'structural overcapacity', and South Korea is also subject to this investigation.
reliability low1/2 sourcesThe Federal Reserve will hold the Federal Open Market Committee (FOMC) on the 28th and 29th and decide the benchmark interest rate on the 29th.
reliability low1/2 sourcesRepresentative Greer argued regarding the Section 301 tariffs that they are 'aimed at targeting unfair trade practices by countries to correct problems and create a level playing field'.
reliability low1/2 sourcesSection 301 of the Trade Act allows the United States to investigate unfair trade practices of other countries and, if necessary, take tariff or retaliatory measures.
reliability low1/2 sourcesAccording to USTR, these countries account for 99.4% of total U.S. imports.
reliability low1/2 sources
Reported detailssecondary facts, each attributed to its source
In an interview with Fox News on the 27th (local time), Representative Greer answered 'no impact at all' when asked about the possibility that the new tariffs could affect the U.S. Federal Reserve's monetary policy decision this week.
according to Kyunghyang ShinmunQ. What impact will additional tariffs have on prices? [Breaking] Following KOSPI, KOSDAQ also triggers sell-side circuit breaker. Taxi crashes into officetel building in Bundang late at night... 70-year-old driver dies.
according to Maeil Business
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