Jameson Greer

And again, this is what we've been getting at over the past year.

As we've concluded deals with over a dozen countries, they have agreed to eliminate unfair barriers to our trade, take down their tariffs, eliminate fake regulatory barriers, etc.,

And so we can actually conduct these investigations under Section 301 on a country-by-country basis, figure out exactly what they're doing that's been so problematic, and negotiate with those countries, but also impose a tariff as enforcement to make sure that they eliminate those practices.

China, certainly, but also other countries, Vietnam, Southeast Asia, the Europeans, potentially.

But the point is to recreate...

the policy that we've developed over the past year to give continuity and be able to be in a position where we can honor the deals but also have enforcement available.

That's the only reason why these countries have made all these concessions, because they know the president's willing to enforce and willing to raise tariffs if he needs to.

So there are a couple that have already started.

We opened a Section 301 investigation on Brazil a few months ago.

We opened up one on China a few months ago about compliance with the Phase 1 deal.

And we have many others that we are preparing right now and we expect to launch in the coming days and weeks, such as related to forced labor in supply chains, industrial excess capacity, or unfair trading practices with respect to fishing or seafood or rice or subsidies for certain products and that kind of thing.

IEPA was the most appropriate tool to use because we are facing an emergency in this country.

In the five years prior to President Trump's second term, our U.S.

trade deficit exploded by 40% to reach $1.2 trillion, the largest trade deficit in human history.

And the trade deficit was a manifestation of many things, but one of them is a lot of offshoring of production to other countries, jobs and manufacturing that went to China, Vietnam, Mexico, etc.,

to the point where our defense industrial base was challenged, our manufacturing base and jobs were hollowed out, and this was an emergency and is an emergency, and so the president used an emergency power to move very, very quickly.

Section 301 and Section 232, some of our alternative tools, they take more time, they take more process, they're very effective, but they didn't have the flexibility and the speed we needed to really out the gate, make these points, get the deals with the countries, and now we can go back and make them firm.

So I wouldn't say feel constrained.

We're in the middle of a review that we have to conduct in the United States.

I'm in contact with my counterparts from both Mexico and Canada.