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Jamieson Greer: “The trade deficit is a big portion of the current account…”

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

US Trade Representative Greer on 15% Tariff, USMCA, EU Trade Deal

Published February 25, 2026 | Video Starts at 11:33

If you, if people go back and actually read the proclamation that went out, it talks about the actual balance of payments deficit. It refers to the current account. Now The trade deficit is a big portion of the current account, so it certainly is a driver of it. But we also talk about things like our net investment income position where we're $26 trillion in the hole. So there are a variety of things that contribute to a balance of payments deficit. (11:33–11:39)

CLAIM

Asserts that the trade deficit is a significant component and driver of the current account.

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

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