Face the Nation with Margaret Brennan Ambassador Jamieson Greer, Neel Kashkari, Rep. Ro Khanna
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Apr 13, 2025 
Neel Kashkari, President of the Federal Reserve Bank of Minneapolis, shares insights on the economic ramifications of the U.S.-China trade war, discussing market volatility and the balance of inflation control. Congressman Ro Khanna voices the tech sector's concerns on trade policies affecting Silicon Valley. U.S. Trade Representative Jamieson Greer delves into the complexities of current tariffs, emphasizing the need for strategic economic approaches. The conversation also touches on public sentiment around Trump's economic handling and a crucial update on the measles outbreak.
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Tariff Regime Shift
- The administration is shifting high-tech items from the global reciprocal tariff to the national security tariff regime.
- This means they're still subject to potential tariffs aimed at reshoring but under a different framework.
Negotiation Timeline and Currency Manipulation
- Ambassador Greer acknowledges the challenge of negotiating currency changes within the 90-day tariff deadline.
- He suggests the 90-day period might be flexible, depending on progress with different countries.
Soybean Tariff Impact
- Neel Kashkari recounts a conversation with a Minnesota agricultural leader about soybean exports.
- The leader expressed concerns about the impact of tariffs, predicting a shift in soybean trade flows.