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US Trade Rep: Smaller, Balanced China Trade is Key
5 Dec
Summary
- US seeks a smaller, more balanced trade relationship with China.
- Trade Representative Greer sees a 25% drop in goods trade positively.
- US Treasury Secretary notes China's commitment to trade deal fulfillment.
U.S. Trade Representative Jamieson Greer articulated a vision for a more balanced and reduced trade relationship with China. He emphasized that this shift is crucial for diminishing mutual dependency and enhancing national security, particularly concerning non-sensitive goods. Greer suggested that President Trump's policies are effectively steering the trade dynamic toward this desired equilibrium.
Greer also highlighted the strategic levers the United States possesses in its dealings with China, spanning sectors from software to semiconductors. He noted a significant interest from allies in pursuing coordinated strategies, though the immediate priority remains stabilizing the bilateral relationship. Concurrently, the U.S. aims to bolster its domestic production of strategic materials like critical minerals.
These remarks follow Treasury Secretary Scott Bessent's announcement that China is nearing completion of its obligations under a trade agreement. This includes a commitment to purchase 12 million metric tons of soybeans, expected by the end of February 2026. The U.S. continues to monitor the situation with China daily.
