U.S. Trade Rep. Jamieson Greer on U.S.-China trade relations, Iran war impact and tariffs agenda

• U.S.-China trade deficit in goods has decreased by 30% over the past year, with January imports from China being the lowest since 2004.
• The U.S. aims for continued stability and a more balanced economic relationship with China, ensuring supply of rare earths and Chinese purchases of U.S. goods.
• The Iran war's direct impact on U.S.-China economic relations is limited, but China's reliance on Iranian oil is noted. The U.S. expects the conflict to be short-lived (weeks).
• Democratic attorneys general successfully argued for tariff refunds to companies, which Greer suggests should be passed on as bonuses to workers.
• Section 301 trade probes are process-driven, transparent, and aim to resolve unfair trading practices within months, potentially leading to tariffs.

U.S. Trade Representative Jamieson Greer discusses the state of U.S.-China trade relations, highlighting a 30% reduction in the trade deficit and the lowest imports from China since 2004. He addresses the impact of the Iran war on global energy markets, noting China's reliance on Iranian oil but emphasizing the U.S.'s resilience. Greer also touches on the administration's tariff agenda and the process for Section 301 trade probes.