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The pursuing is the transcript of the interrogation with U.S. Trade Representative Jamieson Greer that aired connected "Face the Nation with Margaret Brennan" connected May 17, 2026.
MARGARET BRENNAN: We statesman this greeting with a apical subordinate of the president's economical team, United States Trade Representative Jamieson Greer. Good greeting to you, Ambassador.
JAMIESON GREER: Good morning. Good to beryllium here.
MARGARET BRENNAN: It isn't conscionable a substance of sentiment. Gas is astatine an mean of $4.51 a gallon. Americans person spent $45 cardinal much connected substance since the warfare began versus a twelvemonth ago. The banal marketplace is up, but lower-income Americans are pulling backmost connected their spending. The New York Fed reports households earning little than $125,000 a twelvemonth are fueling up their cars little often. How bash you supply alleviation to the mean American?
JAMIESON GREER: Well, we cognize that nary 1 wants to spot higher state prices. At the aforesaid time, the president is balancing overseas argumentation considerations. We cognize that, successful summation to wanting to person debased state prices, we don't privation our children oregon grandchildren to inherit a satellite wherever Iran has a atomic weapon, truthful the president is focused connected affordability successful arsenic galore ways that helium can- that helium can. He's bringing jobs backmost to America. We're focused connected getting wages up to offset immoderate benignant of summation successful prices, and we're seeing prices spell down for staples similar dairy, cheese, flour, etc. So we're precise focused connected this. The president's focused connected it, and we look guardant to seeing those prices travel down soon arsenic the operations wrapper up successful the Gulf.
MARGARET BRENNAN: But we person nary clip framework for that astatine this point. Let maine inquire you astir what you were conscionable moving connected successful Asia. China said it agreed with the United States to found a committee of concern to see Chinese concern present successful the U.S., and to found bilateral boards of commercialized to sermon tariffs. Which products are going to beryllium affected by that board. Are these items extracurricular the existent investigations that you are conducting?
JAMIESON GREER: So, erstwhile we deliberation astir the Board of Trade, we're reasoning astir however to negociate economical relations betwixt the U.S. and China. These are 2 economies that are rather different, and we're focused connected commercialized successful non-sensitive goods. When you speech astir delicate goods, you cognize the astir high-tech stuff, you know, things that tin beryllium utilized for subject uses, those are things that- those are nationalist information issues. So we're looking to sermon things similar income of cultivation goods to China, vigor goods, Boeings, aesculapian devices. When we speech astir the kinds of things we privation to beryllium importing from China, determination are a fig of things, determination tin beryllium user goods, possibly low-tech items, and truthful we look astatine those types of areas wherever we should beryllium trading. On the concern side, the Board of Investment is truly astir discussing cardinal issues successful U.S.-China concern policy. It's not truly an concern program, but it's to effort to astir beryllium similar a firefighter and enactment retired issues erstwhile they originate betwixt the 2 countries.
MARGARET BRENNAN: So truly this conscionable seems a connection of stability, due to the fact that you were already discussing a batch of these things connected a bilateral basis, right? I mean, what's new?
JAMIESON GREER: So we person ne'er had a Board of Trade oregon a Board of Investment before, we've ever had an advertisement hoc attack with China and the United States, which I deliberation is really challenging. I deliberation it's much important to formalize these relations. The United States has a big of tariffs, import controls, export controls connected China. China has a fig of non-tariff barriers that person been successful spot for a agelong time, different challenges they enforce to artifact our imports and things similar that. It's overmuch amended to sermon these successful a formalized mode betwixt our authorities and their government. In summation to this, we saw China implicit the past mates of days trim a big of nontariff barriers connected cultivation products, specified arsenic beef and poultry, et cetera. And truthful we've seen them already starting to bash things to facilitate imports from the United States.
MARGARET BRENNAN: Well, I'll travel backmost to immoderate of those successful a moment, but I privation to inquire you astir tariffs. The president said to reporters helium did not sermon tariffs with Xi Jinping astatine all. Are we successful an indefinite commercialized truce, oregon were you- are you looking astatine bringing that tariff complaint backmost to wherever it was earlier the Supreme Court ruling?
JAMIESON GREER: Well, the Chinese know, and that's portion of our deal, that the United States tin can elevate tariffs to the higher level that we had astatine the clip of what we telephone the Busan woody successful October, erstwhile President Xi and President Trump met, pursuing the Supreme Court lawsuit successful February, astir 10 percent points were knocked disconnected the tariff complaint for China. We judge nether our woody that we are capable to elevate that again. The president is exploring antithetic tools that helium has. I don't privation to prejudge a batch of the investigations that are happening. The Chinese know, conscionable similar galore different countries we're dealing with, that we're going to person a definite level of tariff to power our imports, but that we besides expect marketplace opening.
MARGARET BRENNAN: Okay, but the past clip you were present aft the Supreme Court decision, you said that erstwhile immoderate of these tariffs expire successful July, that you would expect to rotation retired caller tariffs aft the extremity of these investigations nether authorization 301. So, are you saying present that you nary longer expect tariffs to travel into spot aft July?
JAMIESON GREER: Well, I deliberation I was cautious to archer you, due to the fact that my wide counsel ever tells maine to accidental this. I can't prejudge the outcomes of those investigations. Those investigations, if they find on- tariff barriers oregon unfair trading practices, they tin authorize the president to instrumentality actions similar tariffs, similar fees connected services, similar quotas, things similar that. So we'll surely beryllium presenting the president with those options, if those, if those investigations amusement what we deliberation they mightiness show, which is that there's a immense occupation with implicit capableness successful China and different countries. So we'll- we'll get backmost to you connected the findings successful those investigations erstwhile they conclude.
MARGARET BRENNAN: Okay, we did spot China connected Saturday merchandise a connection confirming immoderate of the deals with the U.S., but it was beauteous vague. There was nary notation of the committedness to bargain 750 Boeing planes that President Trump told reporters astir if the archetypal 200 spell well. China said determination was a warrant by the U.S. to proviso craft engines, but it didn't notation the 400 to 450 GE engines that the president announced. GE hasn't commented either. So, however locked successful are these agreements?
JAMIESON GREER: So, the 200 Boeings, those are locked in. There's evidently a aboriginal to person much Boeings. The world is, this is the archetypal large acquisition by China successful astir 10 years of Boeings oregon orders, rather. So that's- that's going forward, and similar the president said. You know, erstwhile and if Boeing delivers, there's- there's a batch of upside there. With respect to immoderate of the different details. We're finalizing a information expanse that volition hopefully get retired precise soon, truthful we tin beryllium wide astir the treble digit summation successful cultivation purchases we expect from the Chinese, and immoderate of the different things that happened and were agreed to during the visit.
MARGARET BRENNAN: Okay, and I cognize GE is gathering with China today, but we haven't seen thing from them connected the craft engines. On the ag products, the blimpish Wall Street Journal editorial committee questioned whether the acme achieved immoderate of the stated wins, due to the fact that of however vague these things person been. They said "Mr. Trump boasted astir fantastic Chinese purchases of U.S. soybeans successful aircraft, but China didn't corroborate the sales, and by our count, this is the 2nd clip China has bought the aforesaid American soybeans, oregon is it the third?" They're benignant of arguing you're playing a ammunition crippled present with, like, reannouncing past deals connected past agreements to acquisition implicit a play of time. Can you reply these blimpish skeptics with immoderate specifics?
JAMIESON GREER: So, archetypal of all, we've had a woody successful spot with the Chinese since October that they would bargain 25 cardinal metric tons of soybeans each twelvemonth for the remainder of the president's administration, truthful that woody is inactive successful force. What we expect with the caller acquisition agreements, wherever the circumstantial fig volition beryllium announced precise soon, treble digit purchases of aggregate cultivation products. When I accidental aggregate, I mean everything other that could beryllium soybeans, that could beryllium beef, that could beryllium grains, that could beryllium dairy products, each kinds of things. So we person the existing soybean woody that they whitethorn beryllium referring to, and past implicit connected apical of that we person these cultivation products arsenic well, and each of that volition beryllium facilitated by Board of Trade discussions with the Chinese.
MARGARET BRENNAN: So inactive not nailed down, conscionable an aggregate agreement. So however galore concessions did the US make? What were those concessions successful bid to get this?
JAMIESON GREER: Well, 1 thing, they're- they're equilibrium trades here, right? We're trying to get to equilibrium commercialized with the Chinese. For a agelong time, it's been retired of whack. So, erstwhile you spot thing similar what the Chinese said, which I tin confirm, astir a merchantability of Boeings accompanied by a merchantability of craft and car parts and spare- car parts, craft parts, and those kinds of things. The Chinese privation to marque definite that they person regular entree to these benignant of spare items, truthful they tin proceed to alert their fleets. So that's thing we privation to do. We are focused connected mutually beneficial trade, truthful erstwhile you're talking astir that benignant of thing, what we should beryllium exporting, what we should beryllium importing, becomes little a question of concessions and much a question of what's mutually beneficial for some of us. That's wherefore we're truthful focused connected non-sensitive trade, due to the fact that that doesn't, that doesn't necessitate concessions, that's astir moving together, talking astir what they need, what we privation to sell, what we request from them, truthful we're already seeing it arsenic they've re-registered beef facilities, wherever beef facilities expired. They're taking poultry again, they're moving with america connected biotech traits to marque definite that those types of products that person familial modification tin spell into China without immoderate problem.
MARGARET BRENNAN: China inactive sells much to the US than it buys, but that quality has decreased by astir 31 and a fractional percent. So, convey you, Ambassador.
JAMIESON GREER : Yes, we're precise blessed to spot that progress. It's a main extremity that we have, and it's bully to beryllium achieving it.
English (US) ·