- Greer also stated that reopening the Strait of Hormuz is in China’s best interest as the country is the biggest buyer of oil passing through the waterway.
- He added that China is likely more affected by the Strait’s closure than the U.S., as the Chinese import much of their feedstock, fuel, and chemicals from the Persian Gulf.
- Greer downplayed concerns of President Trump’s trip to China being delayed, stating that it was not a negative outcome.
United States Trade Representative Jamieson Greer reportedly stated on Wednesday that the U.S.’s trade deficit with China has declined by 30% over the past year.
During an interview with Fox Business, Greer stated that the United States’ trade deficit with the rest of the world is down 17% since last April. The Trump administration had announced the ‘Liberation Day’ tariffs in April 2025.
“It would be very helpful if the two sides could get together and talk about what types of goods we should be trading with each other — preferably nonsensitive goods, in a balanced way,” he added.
Reopening Strait Of Hormuz In China’s Best Interest, Says Greer
Greer also stated that reopening the Strait of Hormuz is in China’s best interest as the country is the biggest buyer of oil passing through the waterway.
“There are downstream economic effects of this trade. And certainly there was a short conversation saying it’s in your interest to have that, that Strait open, but we didn’t get into a discussion of actual Chinese participation,” Greer said during the interview.
He added that China is likely more affected by the Strait’s closure than the U.S., as the Chinese import much of their feedstock, fuel, and chemicals from the Persian Gulf.
“It’s in everybody’s interest to wrap this thing up as quickly as possible,” he added.
Meanwhile, President Donald Trump on Wednesday said he wonders what would happen if the U.S. let the countries using the Strait of Hormuz be responsible for it.
“I wonder what would happen if we ‘finished off’ what’s left of the Iranian Terror State, and let the Countries that use it, we don’t, be responsible for the so called ‘Strait?’ That would get some of our non-responsive ‘Allies’ in gear, and fast!!!,” he said in a post on Truth Social.
This came a day after the President stated in another post on Truth Social that the U.S. does not need allies to reopen the Strait of Hormuz.
Trump’s China Trip Delay Not A Negative Outcome, Says Greer
Greer downplayed concerns of President Trump’s trip to China being delayed, stating that it was not a negative outcome.
“The President moving his meeting with Xi… it wasn’t a negative outcome. It is something that we thought might happen because the President needs to focus, as the Commander in Chief, on matters here, so we flagged it to the Chinese before it went public,” he added.
On Tuesday, President Trump told reporters that his trip to China had been pushed back. “We’re resetting the meeting, and it looks like it’ll take place in about five weeks. We’re working with China. They were fine with it,” he said, according to a report by NBC News.
Meanwhile, U.S. equities declined in Wednesday’s opening trade. At the time of writing, the SPDR S&P 500 ETF (SPY), which tracks the S&P 500 index, was down 0.5%; the Invesco QQQ Trust ETF (QQQ) fell 0.39%; and the SPDR Dow Jones Industrial Average ETF Trust (DIA) declined 0.77%. Retail sentiment on Stocktwits regarding the S&P 500 ETF was in the ‘extremely bearish’ territory.
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