{"id":58932,"date":"2026-02-22T17:08:28","date_gmt":"2026-02-22T21:08:28","guid":{"rendered":"https:\/\/stockmarketwatch.com\/stock-market-news\/ustr-jamieson-greer-affirms-tariff-continuity-following-supreme-court-setback\/58932\/"},"modified":"2026-02-22T17:08:28","modified_gmt":"2026-02-22T21:08:28","slug":"ustr-jamieson-greer-affirms-tariff-continuity-following-supreme-court-setback","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/ustr-jamieson-greer-affirms-tariff-continuity-following-supreme-court-setback\/58932\/","title":{"rendered":"USTR Jamieson Greer Affirms Tariff Continuity Following Supreme Court Setback"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/ustr-jamieson-greer-affirms-tariff-continuity-following-supreme-court-setback\/58932\/#Key_Takeaways\" >Key Takeaways<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/ustr-jamieson-greer-affirms-tariff-continuity-following-supreme-court-setback\/58932\/#Administration_Defends_Trade_Policy_Amid_Judicial_Reversal\" >Administration Defends Trade Policy Amid Judicial Reversal<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/ustr-jamieson-greer-affirms-tariff-continuity-following-supreme-court-setback\/58932\/#Pivot_to_Section_122_and_Global_Tariffs\" >Pivot to Section 122 and Global Tariffs<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/ustr-jamieson-greer-affirms-tariff-continuity-following-supreme-court-setback\/58932\/#Transatlantic_Tensions_and_EU_Demands\" >Transatlantic Tensions and EU Demands<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/ustr-jamieson-greer-affirms-tariff-continuity-following-supreme-court-setback\/58932\/#High-Stakes_Diplomacy_in_Beijing\" >High-Stakes Diplomacy in Beijing<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/ustr-jamieson-greer-affirms-tariff-continuity-following-supreme-court-setback\/58932\/#Market_Implications_and_Refund_Risks\" >Market Implications and Refund Risks<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Key_Takeaways\"><\/span>Key Takeaways<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li><strong>U.S. Trade Representative Jamieson Greer<\/strong> confirmed that all negotiated trade agreements, including those with the <strong>European Union<\/strong> and <strong>China<\/strong>, remain in force despite a <strong>Supreme Court<\/strong> ruling striking down previous tariff authorities.<\/li>\n<li>The <strong><a href=\"https:\/\/thestockmarketwatch.com\/live\/trump-stock-market\" data-internallinksmanager029f6b8e52c=\"8\" title=\"Trump\">Trump<\/a> Administration<\/strong> has pivoted to <strong>Section 122<\/strong> of the Trade Act of 1974, implementing a temporary <strong>15% global tariff<\/strong> to maintain economic leverage and policy continuity.<\/li>\n<li>The <strong>European Commission<\/strong> is demanding &quot;full clarity&quot; from Washington, warning that &quot;tariff chaos&quot; could undermine the <strong>2025 Joint Statement<\/strong> and transatlantic stability.<\/li>\n<li>President <strong>Donald <a href=\"https:\/\/thestockmarketwatch.com\/live\/trump-stock-market\" data-internallinksmanager029f6b8e52c=\"8\" title=\"Trump\">Trump<\/a><\/strong> is moving forward with a high-stakes summit with <strong>Xi Jinping<\/strong> in late March, where the U.S. will press for continued purchases of agricultural goods and aircraft from Boeing (<a href=\"\/stock\/BA\">BA<\/a>).<\/li>\n<li>The <strong>USTR<\/strong> is launching broad <strong>Section 301<\/strong> investigations into major trading partners to establish a more &quot;legally durable&quot; foundation for future duties.<\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"Administration_Defends_Trade_Policy_Amid_Judicial_Reversal\"><\/span>Administration Defends Trade Policy Amid Judicial Reversal<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><strong>U.S. Trade Representative Jamieson Greer<\/strong> insisted on Sunday that the administration&#39;s trade policy remains unchanged, even after the <strong>Supreme Court<\/strong> declared many of President <strong>Donald Trump\u2019s<\/strong> tariffs illegal. The court ruled that the <strong>International Emergency Economic Powers Act (IEEPA)<\/strong> does not grant the executive branch the authority to levy duties, a power reserved for <strong>Congress<\/strong>.<\/p>\n<p>In a series of televised interviews, Greer emphasized that the administration is aiming for &quot;as much continuity as possible&quot; to provide stability for the business community. He clarified that while the legal tools implementing the policy may shift, the strategic goal of reducing trade imbalances remains the primary focus.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Pivot_to_Section_122_and_Global_Tariffs\"><\/span>Pivot to Section 122 and Global Tariffs<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Following the judicial setback, President <strong>Donald Trump<\/strong> signed an executive order to impose a temporary <strong>10% global tariff<\/strong>, which was quickly raised to <strong>15%<\/strong> on Saturday. This move utilizes <strong>Section 122<\/strong> of the Trade Act of 1974, a statute intended to address &quot;large and serious&quot; balance of payments issues.<\/p>\n<p>This new tariff regime is temporary and will expire in <strong>150 days<\/strong> unless extended by <strong>Congress<\/strong>. Analysts at <strong>ING<\/strong> suggest the pivot may be a tactical move to buy time while the <strong>USTR<\/strong> initiates more permanent investigations under <strong>Section 301<\/strong> and <strong>Section 232<\/strong>.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Transatlantic_Tensions_and_EU_Demands\"><\/span>Transatlantic Tensions and EU Demands<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The <strong>European Commission<\/strong> has reacted with caution, requesting &quot;full clarity&quot; on how the <strong>U.S.<\/strong> intends to reconcile its new global tariffs with the <strong>2025 EU-U.S. Joint Statement<\/strong>. EU Trade Commissioner <strong>Maro\u0161 \u0160ef\u010dovi\u010d<\/strong> spoke with Greer and Commerce Secretary <strong>Howard Lutnick<\/strong> to ensure that European exports do not face duties exceeding previously negotiated ceilings.<\/p>\n<p>Brussels has signaled that it expects the <strong>U.S.<\/strong> to honor its commitments, stating that &quot;a deal is a deal.&quot; The uncertainty has already led some members of the <strong>European Parliament<\/strong> to suggest delaying legislative work on the current trade framework until legal certainty is restored.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"High-Stakes_Diplomacy_in_Beijing\"><\/span>High-Stakes Diplomacy in Beijing<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Despite the legal turmoil, the White House confirmed that President <strong>Donald Trump<\/strong> will visit <strong>China<\/strong> from March 31 to April 2 for talks with <strong>Xi Jinping<\/strong>. The summit aims to ensure that <strong>China<\/strong> continues its large-scale purchases of <strong>U.S.<\/strong> soybeans and aircraft from Boeing (<a href=\"\/stock\/BA\">BA<\/a>), as well as maintaining a steady supply of rare earth metals.<\/p>\n<p>While some analysts believe the <strong>Supreme Court<\/strong> ruling has weakened the <strong>U.S.<\/strong> bargaining position, Greer dismissed these concerns. He noted that the <strong>U.S.<\/strong> still maintains an average tariff rate of approximately <strong>40%<\/strong> on Chinese goods through other legal authorities, such as <strong>Section 301<\/strong>.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Market_Implications_and_Refund_Risks\"><\/span>Market Implications and Refund Risks<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The <strong>Supreme Court<\/strong> decision has introduced significant financial uncertainty, as an estimated <strong>$142 billion to $175 billion<\/strong> in previously collected tariffs may now be subject to refund requests. Treasury Secretary <strong>Scott Bessent<\/strong> indicated that the administration would wait for guidance from lower courts, such as the <strong>Court of International Trade<\/strong>, before addressing potential repayments.<\/p>\n<p>Investors are closely monitoring the <strong>Industrial Select Sector SPDR Fund (<a href=\"\/stock\/XLI\">XLI<\/a>)<\/strong> and other trade-sensitive assets as the administration reconstructs its tariff regime. The shift from <strong>IEEPA<\/strong> to more traditional trade statutes is expected to create procedural friction but is unlikely to result in a total reversal of the administration&#39;s protectionist stance.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways U.S. Trade Representative Jamieson Greer confirmed that all negotiated trade agreements, including those with the European Union and 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