Jamieson Greer Reportedly Calls China's Rare Earth Controls ‘Incredibly Aggressive’

• During an interview with CNBC, Greer remained non-committal about the meeting between President Donald Trump and his Chinese counterpart, President Xi Jinping.
• Greer criticized China’s rare earth export controls, maintaining that the announcement was not proportionate to any measures implemented by the U.S., the European Union, or Canada.
• He stated that while the U.S. kept its end of the bargain, China expanded its rare earth controls globally, not just in the United States.

U.S. Trade Representative Jamieson Greer on Wednesday reportedly criticized China’s rare earth controls, as he heads over to Malaysia with Treasury Secretary Scott Bessent to meet with Chinese Vice-Premier He Lifeng in an attempt to de-escalate trade tensions between the two countries.

During an interview with CNBC, Greer remained non-committal about the meeting between President Donald Trump and his Chinese counterpart, President Xi Jinping.

Greer Criticizes China’s Rare Earth Export Controls

Greer criticized China’s rare earth export controls, maintaining that the announcement was not proportionate to any measures implemented by the U.S., the European Union, or Canada.

“It was incredibly aggressive. It was totally disproportionate to anything that the U.S., the EU, or Canada, or anybody did. Because remember, these are global measures that the Chinese have put in place.”

— Jamieson Greer, U.S. Trade Representative

He added that the U.S. and China had an agreement in Geneva that the latter would limit its rare earth export controls and keep its retaliatory tariffs down, while the United States would suspend a “good portion” of its reciprocal tariffs on Chinese goods.

Greer stated that while the U.S. kept its end of the bargain, China expanded its rare earth controls globally, not just in the United States.

Greer Thinks Trump-Xi Meeting Makes Sense

Greer maintained that while the meeting between President Xi and President Trump makes sense given the recent developments in the trade talks between the U.S. and China, the decision to proceed will be mutually decided.

“There’s a spot for it on the schedule if it happens. I think it makes sense to talk, especially at a time where there are a lot of measures in place by the Chinese. But, we’ll see,” Greer added.

He added that, along with Treasury Secretary Bessent, he is going to meet with Chinese officials in Malaysia to see if it is possible to move forward on some of these “really difficult issues” that have cropped up because of China’s rare earth export controls.

Meanwhile, U.S. equities were mixed 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 up 0.01%, the Invesco QQQ Trust ETF (QQQ) declined 0.05%, while the SPDR Dow Jones Industrial Average ETF Trust (DIA) fell 0.24%. Retail sentiment around the S&P 500 ETF on Stocktwits was in the ‘extremely bearish’ territory.

Also See: Gold Price Declines On Profit Booking, Analysts Say Market Was Getting ‘Increasingly Nervous’ On Sustainability Of Rally

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