The Senate Finance Committee grilled U.S. Trade Representative (USTR) Jamieson Greer during a hearing Tuesday on the administrations trade policy, including how agriculture may be impacted.
Sen. Chuck Grassley (R-IA) questioned Greer about the impact of, and goals for, tariff usage. “My question to you is, in the medium to the long term, do you plan to turn these tariffs into trade deals to reduce tariffs and non-tariff barriers? I support that,” said Grassley. “On the other hand, if the purpose is to stall on negotiations in order to keep tariffs high for the sole purpose of feeding the U.S. Treasury, I oppose that.”
Grassley suggested one way to support farmers would be to strengthen the RFS and raise RVO levels. “The administration could move very quickly to increase RVOs on the Renewable Fuel Standard so that farmers get more robust domestic markets for their crops,” said Grassley.
Listen to Grassley’s comments and Greer’s response here:
Senate Finance Hearing - Grassley and Greer 5:06