Jamieson Greer

Good morning.

Great to be here.

Well, right now, I think the thing to understand is that the United States is generally insulated from a lot of the supply chain effects when it comes to direct commodities and things like that.

For a lot of that, we have domestic sourcing.

We have sourcing from our partners to the north and south of us and other places.

But obviously, we're aware that this has an impact in other areas.

In other countries, particularly in Asia, we know that their supplies are tight.

And so we're watching that really closely.

When I was meeting with all of them, this was not particularly high on their agenda of things to discuss with me because we were meeting for other reasons.

But we're monitoring the situation given that the supplies of commodities coming out of the Gulf can affect our trading partners a lot of ways.

Well, you know, first of all, any kind of operation, you're focused on objectives and you don't want to set artificial timelines.

When I hear from the Secretary of State or the Secretary of Defense, they talk about operations in terms of weeks.

We hope that's the case.

The Trump administration has made a lot of headway in its objectives in Iran in terms of destroying ballistic missiles, destroying the Navy, and making progress to make sure that they don't obtain a nuclear weapon.

It did not.

When I met with my counterpart, Minister Wong, the Ministry of Commerce minister, this did not come up.

We were focused on preparing for the leaders' meeting, which will occur in mid-May.

We were talking about the WTO itself and the future of it, or potentially lack thereof, as the case may be.

Well, I wouldn't say that.

I would just say that the ability of the World Trade Organization to meet the needs of the moment, addressing structural imbalances, currency issues, huge export-driven surpluses by other countries, the WTO has never been able to address those things, and it won't be going forward.