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Jamieson Greer: “Our trade deficit with China went down by a third last year…”

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 00:47

Yeah, I'm happy to do that. So remember, we're, we're in a situation where we're trying to rebalance our trade with China. We've had a lot of success in that. Our trade deficit with China went down by a third last year in one year. And so we're trying to manage the trade around the kinds of things we want to be selling to China, whether it's Boeing's or soybeans or other ag or energy or medical devices. (00:47–00:52)

CLAIM

Asserts that the U.S. trade deficit with China decreased by a third in one year.

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

“We already have a soybean deal with [China] from our prior meetings of 25 million metric tons a year over the next three years.”
US Trade Representative Jamieson Greer Talks China Trade | Bloomberg Talks | Uploaded May 14, 2026 | 01:12-01:19
“Went down by $130 billion last year.”
US Trade Representative Jamieson Greer Talks China Trade | Bloomberg Talks | Uploaded May 14, 2026 | 12:39-12:42
“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.”
US Trade Representative Jamieson Greer Talks China Trade | Bloomberg Talks | Uploaded May 14, 2026 | 01:18-01:26
“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.”
US Trade Representative Jamieson Greer Talks China Trade | Bloomberg Talks | Uploaded May 14, 2026 | 02:04-02:11
“We've certainly seen the, the rare earths come back up to better levels.”
US Trade Representative Jamieson Greer Talks China Trade | Bloomberg Talks | Uploaded May 14, 2026 | 02:47-02:52
“There were some big shipments of vitrium that came across. That was after advocacy from the US Government.”
US Trade Representative Jamieson Greer Talks China Trade | Bloomberg Talks | Uploaded May 14, 2026 | 02:58-03:05
“I think as we're rolling out and concluding different investigations under section 301, which again, don't just target China, they cover…”
US Trade Representative Jamieson Greer Talks China Trade | Bloomberg Talks | Uploaded May 14, 2026 | 03:36-03:44
“There are certain things that never have really been subject to tariff. You know, energy, energy goods, you know, certain foods, you know…”
US Trade Representative Jamieson Greer Talks China Trade | Bloomberg Talks | Uploaded May 14, 2026 | 05:26-05:35
“We did not talk about chip export controls at the meeting.”
US Trade Representative Jamieson Greer Talks China Trade | Bloomberg Talks | Uploaded May 14, 2026 | 07:41-07:45
“The Chinese, in the past couple of weeks, put into place supply chain rules that...might punish you [for reshuffling closer to the United…”
US Trade Representative Jamieson Greer Talks China Trade | Bloomberg Talks | Uploaded May 14, 2026 | 08:10-08:28
“Our trade deficit with China has dropped by 33%.”
US Trade Representative Jamieson Greer Talks China Trade | Bloomberg Talks | Uploaded May 14, 2026 | 12:35-12:40
“It's really important for China to have the Straits of Hormuz open. No tolling, no military control.”
US Trade Representative Jamieson Greer Talks China Trade | Bloomberg Talks | Uploaded May 14, 2026 | 13:23-13:30