U.S. Trade Representative Jamieson Greer appears on CNBC to discuss the trade aspect of the U.S-China negotiations against the backdrop of the official state visit by Chinese Chairman Xi Jinping.
USTR Greer notes the tariffs against China remain in place and extended for several months as the U.S. reviews Beijing compliance with pre-existing agreements. This builds on what Greer previously said about ultimately the U.S. and China are in a managed situation, where the U.S. doesn’t put any focus on what China says, we are looking at what China does.
Stunningly, at 4:25 of the video CNBC pundit Kelly Evans chimes in with a weird talking point about the U.S-China trade deficit not changing. Ambassador Greer quickly corrects Ms Evans, noting her baseline is entirely false. The trade disparity between the U.S and China has reduced by 40% over the past year, in part because the U.S. is leveraging tariffs as enforcement mechanisms to previous purchase agreements. WATCH:
In typical leftist fashion, Ms Kelly Evans says “if true” to the United States Trade Representative. Who else, other than the USTR, would know the specifics of accuracy for the data Ms Evans is mis-citing. Quite silly.
As many Americans that are directly killed by Chinese fentanyl and China actually running all of the Iran military operations I personally believe not one damn thing should from China should enter this country.
All of their little spies hiding in educational institutes should be forcefully removed from this country and business and property confiscated.
Pain we can handle and most in this country who are compromised and support China will poke their heads out.
And get the CCP out of farm land and owning some of our food production.
Especially this!
“If true…”
But she automatically believed whatever fake statistic that she was handed. That was true in her pea brain.
She could have ASKED him how much the trade imbalance with China in year 2026. But no, she ran with her fake numbers.
Not having done any research on the subject makes her look incredibly stupid.
They just read the teleprompter…..
indeed, she even referred to her fake statistic as “the record” which needed to be corrected. Pray tell, what record would that be exactly: https://www.statista.com/chart/36221/us-trade-volume-and-balance-with-china/?srsltid=AU7gw4XPCjA0qCqKQIKTJYgFLycgu-oKqEMsdmWnEhlO21ePlRbD3IsU
Can we jerk her White House pass?
Watch it, she corrected herself and aost evolved
I’m mindful of the saying, “Better to be thought a fool than to open one’s mouth and remove all doubt.” These propagandists do it all the time.
and that’s exactly the line I give them.
Bubble Headed Bleach Blond, I mean brunette on at 9.
Aren’t we already dependent on China for pharmaceutical products, windmills, solar panels, lithium batteries among other things. Electing a democrat into the whitehouse will make us even more dependent.
Nope critical minerals are all in greenland. That makes china kneel more to keep us buying their shit
Fake News trying to make Truth into Fake. Never let the truth go unchallenged.
I am continuously impressed by Mr. Greer. He is a top performer in President Trump’s trade arsenal. I hope he continues representing the U.S. in the next administration. That would be ideal.
CNBC claims to be a news organization.
If true, one would expect her to know about our trade deficit with China.
If true, one would expect to hear news instead of DNC talking points.
If true, one would expect hosts to avoid wallowing in TDS each, and every, program on the network.
Mass deportations of all Chinese on VISAs illegal border crossers. They are terrorists so suspend posse committatus and make it a military removal. They killed our troops in the Middle East . Crush them like Trump should have with 1st tariffs. Then put Iran back to the stone age. Stop try to be Mr nice guy and be as ruthless as they are. Judges should be rounded up to Gitmo or Cecot and take a bunch of the politicians too. The 2nd Amendment will be coming in to play because the tree of liberty is dying and seriously needs watering. David killed 10000 and was righteous in God’s eyes.
But other than that?🤷🏻♂️
Has the U.S-China trade deficit been reduced over the past year?
Yes. The U.S. goods trade deficit with China has fallen sharply over the past year and in 2025 versus 2024.
On a Census Bureau goods basis (the most commonly cited bilateral figure):
Full-year 2025 deficit: about $203 billion, down roughly 32% (or ~$94 billion) from ~$297 billion in 2024. This was the lowest annual goods deficit with China since 2005.
Year-to-date through July 2026: about $91 billion, versus ~$129 billion in the same period of 2025.
12 months ending July 2026: about $165 billion.
U.S. goods imports from China dropped substantially (around 23–30% year-over-year in recent periods), while exports also declined but from a much smaller base. China’s share of U.S. goods imports fell to under 8% in the 12 months to July 2026, from over 21% in 2018.
The reduction is concentrated in goods. The U.S. typically runs a services surplus with China (travel, IP licensing, etc.), which narrows the overall goods-and-services gap but does not change the headline goods story. Trade has shifted toward Vietnam, Mexico, Taiwan, and others, so the overall U.S. goods deficit remains large even as the China-specific gap has narrowed. Data come from the U.S. Census Bureau, BEA, and USTR summaries; August 2026 figures were not yet fully reflected in the latest official monthly tables at the time of reporting.
Me thinks the poor gal just doesn’t know arithmetic.
How does the U.S. leveraging tariffs as enforcement mechanisms to previous purchase agreements affect the trade disparity?
The United States is using existing and threatened tariffs as a standing enforcement tool against China’s shortfalls under the 2020 Phase One deal and newer purchase pledges. That combination has narrowed the bilateral goods deficit mainly by cutting U.S. imports from China, not by raising U.S. exports.
What Phase One required and what happened
The January 2020 agreement required China to buy an additional ~$200 billion of U.S. goods and services in 2020–2021 above a 2017 baseline (agriculture +$32B, energy +$52B, manufactures +$78B, services +$38B). China met only about 57–60% of the goods targets; the shortfall exceeded $200 billion. Structural commitments on IP, forced technology transfer, agriculture market access, and financial services were also judged incomplete.
How tariffs are now used as the enforcement lever
In October 2025 USTR opened a formal Section 301 investigation into China’s Phase One implementation. That proceeding can authorize additional tariffs or other restrictions if the U.S. determines China is denying U.S. rights under the agreement. The 18-month statutory clock runs into 2027. Meanwhile the original 2018–2019 Section 301 tariffs (plus later increases) remain in force; average U.S. duties on Chinese goods were roughly 36.5% as of mid-2026.
Truces (Busan October 2025, reaffirmed in Beijing May 2026, extended two months to January 10, 2027) pause some of the newest escalations in exchange for fresh, narrower purchase promises—25 million metric tons of soybeans per year through 2028 plus an extra ~$17 billion of other farm products annually, plus Boeing aircraft. Treasury officials have publicly noted China is “behind schedule” on some of those agricultural volumes. The threat of letting the truce expire and of a negative 301 finding keeps the pressure on.
Effect on the trade disparity
The goods deficit with China fell from $297 billion in 2024 to $203 billion in 2025 (lowest since 2005) and to about $165 billion on a 12-month basis through July 2026. The drop is almost entirely from lower U.S. imports; U.S. exports to China also declined as China retaliated and shifted soybean and energy purchases to Brazil and others. China’s share of U.S. goods imports fell below 8%. Trade was diverted to Vietnam, Mexico, and Taiwan rather than eliminated.
Purchase commitments have historically been hard to enforce at the scale originally promised, and the newer targets are smaller and more concentrated in agriculture. Tariffs therefore function more as an import-suppression and bargaining chip than as a reliable way to force large, sustained increases in U.S. sales to China. The bilateral goods gap has narrowed, but the overall U.S. goods deficit has not, because sourcing simply moved.
She made a bigger mistake. She didn’t just say we were running at a deficit, she said it was growinggggggggg
The reporter corrected herself then complimented the approach and brought up how Europe is getting screwed, example cars.
First time I saw the shift in the captured reporters almost as if they see maybe the guy changing the system can actually win ( cue the quote SD posts about how hard it is for a man to change a system cause everyone that benefits from old…)
Kelly Evans is such a foolish little girl.
When she responded with the “if true” word salad, did you notice her eyes?
USTR Greer had just nuked the whole premise of her entire planned line of questioning, and her eyes were all over the place.
I suppose she was frantically looking for words she could mouth in response that would replace the words written for her by her producer.
Leftist minds are such a desolate wasteland.