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Jamieson Greer: “Our trade deficit with China has dropped by 33%.”

Featuring: Jamieson Greer, U.S. Trade Representative | National

US Trade Representative Jamieson Greer Talks China Trade | Bloomberg Talks

Published May 14, 2026 | Video Starts at 12:35

Are you happy with the direction of travel with this relationship? Well, well, for me as the trade representative, I'm looking at outcomes. And one year in, Our trade deficit with China has dropped by 33%. That's incredible. Went down by $130 billion last year. That's what we want to see. That means we're diversifying from China. We're making more stuff here. (12:35–12:40)

CLAIM

Asserts that the U.S. trade deficit with China decreased by 33%.

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.

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Jamieson Greer

“Our trade deficit with China went down by a third last year in one year.”
US Trade Representative Jamieson Greer Talks China Trade | Bloomberg Talks | Uploaded May 14, 2026 | 00:47-00:52
“We already have a soybean deal with [China] from our prior meetings of 25 million metric tons a year over the next three years.”
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“Went down by $130 billion last year.”
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“We expect to also see an agreement for double digit billion purchases of ags over the next three years per year coming out of this visit.”
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“They have been so on the soybeans, you know, last year they needed to fill up 12 million metric tons. At the end of last year they did that.”
US Trade Representative Jamieson Greer Talks China Trade | Bloomberg Talks | Uploaded May 14, 2026 | 01:32-01:40
“We have, of course, the, the agreement that goes until this fall. That's all. That's all solid.”
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“We've certainly seen the, the rare earths come back up to better levels.”
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“I think as we're rolling out and concluding different investigations under section 301, which again, don't just target China, they cover…”
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“It's really important for China to have the Straits of Hormuz open. No tolling, no military control.”
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