USTR Greer says that the US economic relationship with China is "stable"; US is not looking for a massive confrontation with China
- Says US is looking to maintain a stable relationship with China with a Trump-Xi meeting
- Looking at Board of Trade mechanism in dealing with China.
- Not yet at the point where the US can talk about investment programs with China.
- Trump trip to China will focus on keeping the flow of rare earths.
- US is making strides in domestic self sufficiency on rare earths.
- Says need some kind of price mechanism on rare earth minerals.
Context
The remarks from USTR Greer indicate a commitment to a stable US-China economic relationship, signaling a preference for diplomacy over confrontation. This could ease some trade tensions and positively impact investor sentiment, particularly in sectors that rely on China. Monitoring the developments around rare earths will be crucial, as it directly influences both national security and supply chains, which may impact currencies like the USD and JPY in the Forex markets.
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