It was a split screen on Capitol Hill on Tuesday morning.
One eye on the market. Another eye on the testimony of the Senate, US trade representative Jamieson Greer.
“Do you think your statement will change the market in any way?” You really asked Greer as he walked into the hearing room in the office building of the Darksen Senate.
“I'm just going to deal with the senators. Be as outspoken as I can,” replied Greer.
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The public has heard a lot about the tariffs from Commerce Secretary Howard Lutnick.
They heard a lot about the tariffs from Treasury Secretary Scott Bescent.
They have heard more about the tariffs from White House Advisor Peter Navarro.
However, until Tuesday morning, little was said about tariffs from the man in charge of the administration's trade policy: Jamieson Greer.
All eyes were on two things Tuesday morning: stock markets and trader Jamieson Greer. (AP/Getty Images)
“The president's strategy is already fruitful,” Greer testified. “Nearly 50 countries have approached me to discuss the president's new policies and explore ways to achieve reciprocity.”
Democrats were suspicious of Greer's proposal. Yes, the country may be willing to negotiate. But it takes time to carve out sophisticated trade agreements with countries just approved by the US.
“You tell us that 50 countries you're approaching you are approaching you, and you think you can do it overnight?” asked Senator Catherine Cortez Masto, D-Nev. “You're pretty superhuman here. If you do.”
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Greer is entangled with Senator Maggie Hassan.
“Even if inflation hits Americans' pocketbooks at 10% due to these tariffs, is the Trump administration still trying to recharge?” asked Hassan.
“Senator, your hypothesis is not consistent with the history we saw in tariffs,” replied Greer.
Greer won a third time from members of Congress on both sides of the political aisle. (Kayla Bartkowski/Getty Images)
“My hypothesis is based on the fact that many Americans are looking at the 401(k) today and wondering how much lifestyle changes they have to have, or whether they can retire when they are planning,” Hassan shot. “It was a coincidence, incompetent effort, and it shows.”
After the rough show, the market actually shot at the opening bell on Tuesday before Greer spoke. It doesn't seem like Greer said that the senator resonated positively or negatively on Wall Street. However, lawmakers were well suited to market fluctuations.
Especially when they start listening to the members.
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Outside the hearing room, R-La. Senator John Kennedy of the company provided one of his signature Bayou Homilies to characterize the unfolding trade war.
“God created the world, but everything else is made in China,” Kennedy said.
“But Senator, isn't the big issue here the market uncertainty and rattle?” asked Kennedy.
“Well, there's always uncertainty,” Kennedy replied.
“But this is another type of uncertainty, but the senator,” I retorted.
“Does it need to affect your capital market? Well, yes, that's right. It's not interesting. It's very, very painful.
Sen. John Kennedy (R-La.) acknowledged that the fate of the market is largely in the hands of President Trump, and that his administration will do anything next. (Eric Lee/Bloomberg via Getty Images)
And that's the key to the whole company. It doesn't matter what Lutnick does. Or Bescent. Or Navarro. And not Greer. For better or worse, this is President Trump's baby. Only he can move through the market. And potentially trade transactions. And it certainly has been unfolding recently.
Democrats, and some Republicans, extorted the president for unilaterally imposing tariffs. The lawmaker asked why the tariffs were imposed. And they argued that tariffs should have been an issue that came to Capitol Hill.
“Where was the consultation with Parliament about this? Where is the homework? The Greek and Roman letters thrown into the plaque does not imply the strategy you informed Parliament.” “And part of the question is where is the homework done by the government to avoid misunderstanding the powers given to you?”
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Cantwell may not receive a sufficient answer from the Trump administration on the rationale. But R-Mo. Senator Josh Hawley of the film answered other parts of the question about why the president cut Congress out of the loop.
“Don't pretend this is anything other than the president who exercises the statutory authority that Congress has given him for decades,” Holy said. “They didn't want to trade because Congress didn't want to do tariffs, it's too hot. They wanted the president to hold hot potatoes, so now you have a president who's happy with it.”
Article 8 of the Constitution declares that Congress “has the authority to collect and collect taxes, obligations, fraud, taxes, and taxes, pays debts and provides common defense and general welfare for the United States.”
“Don't pretend this is anything other than the president who exercises the statutory authority that Congress has given him for decades,” R-Mo said. Sen. Josh Hawley of the company spoke about Trump's tariff levies. (Get McNamee/Getty Images)
The US Trade Representative says the US is the signatories of more than 14 total trade agreements. Congress has ratified some of them in recent years. That includes the USMCA. It's a trade deal that President Trump has pushed. He is alongside former House Speaker Nancy Pelosi in 2020, the United States, Mexico and Canada. The transaction replaced NAFTA, a North American free trade agreement approved by Congress in 1993. Congress also greenlighted the “Cafta, the Central American Free Trade Agreement” in 2005.
Therefore, Parliament has been engaged in trade somewhat over the last few decades. But it may not be as good as it should be.
Greer testified before the Houseways and Means Committee and made his second appearance on Capitol Hill Wednesday.
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“Are you going to bring it to Congress for vote?” Rep. Suzan Delbene, D-Wash.
“We do what the law requires. Some of the consultations. Some people need to vote. So we follow the law,” Greer replied.
However, Delben used the tariff emergency to push Greer on the president. She quoted from the law.
Rep. Suzan Delbene, D-Wash. pushed Greer to utilize the Trump administration's enforcement power. (Reuters)
“The President shall consult with Congress in all cases before exercise of power,” Delvene said. “That didn't happen.”
Greer said he was Chair of the Ways and Means Committee Jason Smith, R-Mo. and said he called the panel's top Democrat, Rep. Richard Neil, D-Mass.
“We argue that we didn't have that consultation,” said Delvene, who is sitting on the trade subcommittee.
The White House warns against tariff retaliation, Trump says, “He has a steel spine and he won't break.”
But less than two hours later, Greer is still testifying – President Trump has announced he has suspended most tariffs for three months. However, they are still imposing sudden tariffs on China.
Rep. Steven Horsford, D-Nev. was repeated.
“Did he announce it in a tweet?” An incredible Horseford asked Greer. “wtf? Who's in charge?”
D-Nev. Rep. Stephen Horseford appeared furiously in the development of Trump's tariff plans. (Leigh Vogel/Getty Images for Congressional Black Caucus Foundation)
“The US president is in charge,” Greer said.
“And what do you know about those details?” retorted Horseford. “It looks like your boss pulled the rug from under you.”
Horseford later asked if it was “market manipulation” that the president had carried out. Greer said that wasn't the case.
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So, when the hearing was postponed, your true CBS Nicole Killion chased Greer to make the President's new strategy clearer.
“Can you explain why you stepped into the changes in trade policy? Did you know this?” I asked Greer before he stepped into the edge.
The quest resumed in the hall.
“Did you not say this?” I asked.
“Did you know before your testimony?” Added Killion.
“I'll just introduce my testimony,” Greer said.
“Your testimony did not reflect what it was conducted during the hearing,” I followed up.
“I will introduce you to my testimony,” Greer repeated.
“But that contradicts the president's decision,” I said.
I tried to get some answers from Greer after his hearing. He remained quite motherly for most of what he was asked. (Fox)
Greer's aides then intervened.
“I think the ambassador was very clear in his testimony about what was going on, and the president can make a choice,” the aide inserted.
“Explain why you don't think this is a market operation. I said it wasn't,” I followed up.
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“Did you know there was a pause before you came here on Capitol Hill? Yes, no, sir?” Killion continued.
Greer then disappeared down the winding stairs of the Longworth House Office Building.
Let's go back to the Senate hearing with Greer on Tuesday.
Next year, Sen. Tom Tillis, who is facing a potentially difficult fight for reelection, asked in a question about Greer, “Can I suffocate my throat if this turned out to be wrong?” (Anna Money Maker/Getty Images)
Sen. Tom Tillis (RN.C.) could face a competitive re-elect bid next year. He asked Greer a pointy question.
“If this turns out to be wrong, whose throat will you suffocate?” asked Tillis.
“Well, Senator, you can certainly talk to me all the time,” Greer replied.
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“So if you own this decision, I'll look at you to understand whether we're going to succeed,” Tillis said. “If you don't own the decision, I'm trying to understand who's suffocating whether it's wrong or not.”
