USTR's Greer thinks they are seeing manufacturing coming back to US as a result of policies; not every challenge with China resolved, via CNBC interview
- If China is involved with Iran, that obviously complicates relations.
- Manufacturing is about 10% of GDP in the US. It's too low.
- Trying very hard to have stability with China.
- Right now we're in a good situation on China trade.
- China is responsible for eliminating any harmful Iran ties.
- In constant communication with auto companies.
Context
The remarks from the USTR's Greer indicate a perceived positive shift in U.S. manufacturing, attributed to domestic policies, even as challenges with China persist. While this could suggest a slight optimism regarding U.S.-China trade relations, ongoing complexities, particularly concerning Iran, highlight potential geopolitical risks. Traders should consider how these dynamics might impact sectors reliant on China and broader U.S. economic conditions.
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