Image Source: ForexLive
U.S. Trade Representative Jamieson Greer made a bleak statement on Wednesday that America is losing its grip on high- and low-end manufacturing simultaneously. Greer spoke as concern is mounting about the chronic trade deficit and heightened trade tensions with China, whose combined tariff rate on U.S. imports is now at 55%.
Key Points
Manufacturing on the Edge: Greer pointed out that the U.S. is not just experiencing declines in basic industries but is also losing badly its high-tech manufacturing base. He blamed some of the losses on unfair foreign trade practices and the absence of reciprocity in foreign markets.
Trade Deficit Issues: Greer reaffirmed his policy priority to reverse the nation's $1.2 trillion trade deficit. He urged a realistic means to reindustrialize America and end the decades-long pattern of industrial decline.
China's Tariff Wall: The USTR reported that the overall tariff rate of Chinese tariffs on U.S. goods is now 55%, once more making it difficult for U.S. manufacturers and exporters to compete internationally. This rate reflects Beijing's tough effort to shield native industries in the current trade war.
Tariff Policies "Bear Fruit": Greer pointed out President Trump's growing tariff agenda is beginning to generate fresh industrial investments in the country—a trend he aims to further accelerate by pushing back against unfair trade practices that have long filled foreign competitors' coffers.
Future Political Plans: The remarks precede critical meetings with Congressional leaders as the administration is attempting to gain Congressional approval for policies to stimulate American industry and negotiate more balanced trade agreements.
Source ForexLive, TradingView, Markets Today, Reuters.
Advertisement
STORIES YOU MAY LIKE
Image Source: Talk Staff
Image Source: Press Trust Of India
Key Highlights Kanpur district has kicked off Groundwater Awareness Week, which will last from July 16 through 22, as a collective effort to bring citizens, institutions, and government agencies together for improved water management. The initiative is an immediate response to local apprehensions of dwindling aquifers in the region and seeks to educate, motivate, and involve the community through practical conservation measures and awareness drives. Community-Based Engagement and Educational Activities District Magistrate Jitendra Pratap Singh pointed out that all the government departments, local educational institutions, colleges, and schools are involved in the observance. Various activities—workshops, seminars, quiz competitions, and field visits—are being organized to enhance public awareness about groundwater's vital role in daily life. The event's core message, "If water is safe then tomorrow is safe," resonates through school curricula and public exhibitions, with rainwater harvesting, recharge pits, rejuvenation of traditional ponds, and drip/sprinkler irrigation showcased as achievable solutions. Groundwater Conservation Successes and Solutions Kanpur's recent prosperity has its roots in a state-level commitment: over the past seven years, 34 development blocks in Uttar Pradesh have overcome long-standing water scarcity through composite interventions. Some of the key strategies include construction and rejuvenation of ponds for recharging aquifers, constructing check dams, and promoting water-conserving agriculture practices such as drip and sprinkler irrigation. Successful enforcement of the Uttar Pradesh Groundwater (Management and Regulation) Act 2019 has facilitated stricter regulation, monitoring, and sustainable extraction, with every district constituting a special Groundwater Management Council. Success stories like the Noon River revival—the revival of a historically significant 48-km river in Kanpur through a mix of community initiative, satellite mapping, afforestation, and pollution control—underscore the transforming potential of collaborative citizen and government effort. Jal Shakti Abhiyan and Statewide Momentum The Jal Shakti Abhiyan-VI, which was started in March 2025, also continues to complement these initiatives by focusing on people's involvement in water conservation, water body rejuvenation, and rainwater harvesting initiatives. Through years of collaborative efforts, Kanpur endeavors to stimulate behavior change at the grassroots level, guarantee future water security, and serve as a role model for other districts facing similar challenges. Sources: Times of India, Instagram, CGWB
Image Source: Economic Times
Advertisement