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USTR Greer says he wants to ensure continued stability within the US-China relationship, via CNBC; our trade deficit with China has gone down by 30%

This statement from USTR Greer emphasizes the desire for stable US-China relations amid a notable decrease in the trade deficit with China.

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USTR Greer says he wants to ensure continued stability within the US-China relationship, via CNBC; our trade deficit with China has gone down by 30%

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  • We want to make sure that we continue to get the rare earths we need for our manufacturing base.
  • Iran war is not affecting US-China relations.
  • Interest payments part of the course on tariff refunds.
  • If we find that countries have been involved in unfair trading practices, we can quantify that harm to the US commerce and then try to resolve that. 
  • In relation to trade probes, we are trying to move very quickly, in a matter on months.
Context

The focus on maintaining access to critical resources like rare earths suggests ongoing strategic concerns, which could have implications for sectors reliant on these materials, while the mention of quick trade probes indicates a proactive approach to address unfair practices that may impact commerce.

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