Recently, U.S. Trade Representative Jamieson Greer confirmed details of various trade framework agreements with Southeast Asian countries. The United States has signed trade agreements with Cambodia and Malaysia, while frameworks for agreements are in place with Thailand and Vietnam. Key aspects include Cambodia eliminating all tariffs on U.S. exports and accepting certain FDA regulations, as well as increased enforcement against intellectual property violations and labor rights improvements. Malaysia will also retain a nineteen percent reciprocal tariff rate and enhance market access for U.S. goods, focusing on critical mineral supply chains.
Additionally, Greer announced a Section 301 investigation into China's compliance with the phase one trade agreement signed in January 2020. This investigation aims to assess whether China's actions have placed a burden on U.S. commerce. The U.S. is also seeking public input on possible responses, such as tariffs on Chinese imports.
In another development, Greer was involved in a U.S.-China meeting in Malaysia, where they reportedly reached a "basic consensus" on addressing trade concerns, including U.S. tariffs on China's maritime sectors. Meanwhile, the Trump administration's trade deals with Southeast Asia have been praised for securing greater market access for meat and poultry exports.
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