U. S. Trade representative Robert Lighthizer was on capitol hill to testify on the Trump Administration trade policy. The use of tariffs, trade with china and implementation of the u. S. Canada trade agreement. Mr. Lighthizer was asked about the Global Supply chain of the inquisition of personal protective equipment during the coronavirus pandemic. The Senate Hearing is just under three hours. Im pleased to welcome ambassador lighthizer. Thank you for joining us. We need to have you here because we face great challenges whether its the murder of floyd or whether its the economic downturn we had because of the pandemic or the pandemic itself. We have a lot facing our country. Its not going to be easy to bring us back on the course of iran and their brave but good trade policy will be one important part of doing so so im glad we have that discussion today. Trade policy is immediately significant because we need to make sure we dont have any unnecessary taxes on goods g2 the recovery or i
U. S. Trade representative Robert Lighthizer is making his second appearance on capitol hill today. This morning, he was before a House Committee and was answering questions from the Senate Finance committee on President Trumps trade policy. Ourselves in future crisis, but we have to find a Smart Solution that accepts the realities that trade is fundamental to our survival and prosperity. In the long term, trade is a key part of the solution because it promotes freedom. It provides customers for our best in the class Agricultural Products. It promotes entrepreneurship and independence. And particularly trade empowers Small Businesses that are the backbone of our communities. In fact, 97 of the u. S. Exporters are Small Businesses. A good start to empowering people and fixing our economy is making sure as many people as possible have the option of being their own boss. We owe it to them and their communities to press for even more opportunities. This is especially true because our tradi
Patients. The university of oxford saying they might have a vaccine as early as september. More than half of states have begun or will soon begin allowing more businesses to operate again according to strict safety guidelines that. s vital to get the economy moving. The initial reading of Gross Domestic Product in the first three months of this year showed that the economy sank at an annual rate of 4. 8 , the biggest quarterly decline since the big recession, and economists believe the numbers are going to get worse. Federal reserve chairman jay powell believes the unemployment will soar, saying that we cant worry about the massive amount of debt piling up on the federal ledger right now. This is not the time the act on those concerns. This is the time to use the great fiscal power of the university to do what we can to support the economy and try to get through this with as little damage to longer run productive capacity of the economy as possible. Gerry even the most fiscally conserv
The university of oxford saying they might have a vaccine as early as september. More than half of states have begun or will soon begin allowing more businesses to operate again according to strict safety guidelines that. s vital to get the economy moving. The initial reading of Gross Domestic Product in the first three months of this year showed that the economy sank at an annual rate of 4. 8 , the biggest quarterly decline since the big recession, and economists believe the numbers are going to get worse. Federal reserve chairman jay powell believes the unemployment will soar, saying that we cant worry about the massive amount of debt piling up on the federal ledger right now. This is not the time the act on those concerns. This is the time to use the great fiscal power of the university to do what we can to support the economy and try to get through this with as little damage to longer run productive capacity of the economy as possible. Gerry even the most fiscally conservative econ
Patients. The university of oxford saying they might have a vaccine as early as september. More than half of states have begun or will soon begin allowing more businesses to operate again according to strict safety guidelines that. s vital to get the economy moving. The initial reading of Gross Domestic Product in the first three months of this year showed that the economy sank at an annual rate of 4. 8 , the biggest quarterly decline since the big recession, and economists believe the numbers are going to get worse. Federal reserve chairman jay powell believes the unemployment will soar, saying that we cant worry about the massive amount of debt piling up on the federal ledger right now. This is not the time the act on those concerns. This is the time to use the great fiscal power of the university to do what we can to support the economy and try to get through this with as little damage to longer run productive capacity of the economy as possible. Gerry even the most fiscally conserv