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Treasury Undersecretary Nominee to Face Questions on Trade, Tariffs and Farm Economy
Summary
Senate Committee members introduced Jonathan Greenstein for Undersecretary of the Treasury for International Finance and said they would press him on the administration's trade policies, which the committee member blamed for higher consumer prices and distress among wheat farmers.
Jonathan Greenstein, introduced by an unidentified committee member (S1) as the nominee for Undersecretary of the Treasury for International Finance, was presented as an experienced Treasury official who will be questioned about global markets and the administration's trade policies.
The committee member said he is "very troubled" by recent trade policy, and linked tariffs to higher consumer prices and disruptions for farmers. "We're hearing from stores that their prices are going up, and it's due to tariffs," the committee member said. He added that wheat farmers report lower prices for their crops, higher input costs and unpredictable market conditions.
S1 cited recent reports that unemployment is rising and that the manufacturing sector is in a recession, and argued that trading partners have lost confidence in the administration's policy coherence. The committee member framed those economic indicators as relevant to Greenstein's role, which covers complex global markets and international finance.
The excerpt does not include Greenstein's response or any committee vote; it records the committee member's stated concerns and sets the topics the committee plans to explore during consideration of the nomination.
