Steve Yates of the Heritage Basis discusses the commerce talks between U.S. and Chinese language officers, the most recent relating to the ports in Panama and China’s push for international governance and compliance on A.I.
China’s deadline to succeed in a commerce take care of the U.S. could slide after the Trump administration had “very optimistic” conversations with their counterparts from Beijing, U.S. Commerce Consultant Jamieson Greer mentioned Sunday.
Greer mentioned China’s timeframe for a deal was “underneath dialogue” when requested concerning the present Aug. 12 deadline throughout an look on CBS’ “Face the Nation.”
“So that is what’s underneath dialogue proper now,” he mentioned. “I’d say that our conversations with the Chinese language have been very optimistic. We have now discussions on the workers degree, at my degree. President Xi and President Trump have had conversations.”
Tariffs on China, America’s largest buying and selling companion, might snap again as much as above 80% if a deal will not be reached.
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U.S. Commerce Consultant Jamieson Greer attends a press convention at authorities quarters Rosenbad after the commerce talks between the U.S. and China concluded, in Stockholm, Sweden, July 29, 2025. (Magnus Lejhall/TT Information Company/through REUTERS / Reuters Pictures)
“We’re engaged on some technical points, and we’re speaking to the president about it,” he mentioned. “I believe it is stepping into a optimistic course. I am not going to get forward of the president, however I do not assume anybody desires to see these tariffs snap again to 84%.”
Greer mentioned the 2 governments did conform to sure commitments throughout two days of talks in Stockholm final week, although he mentioned he couldn’t reveal particulars on the specifics.
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“We talked about, and I will not go into element, as a result of they’re confidential conversations between two governments, however they actually targeted on uncommon earth magnets and minerals,” he mentioned.
U.S. Commerce Consultant Jamieson Greer discusses President Donald Trump’s sweeping new tariff charges on ‘Mornings with Maria.’
The U.S. is seeking to free the circulate of magnets from China and its adjoining provide chain, based on Greer.
“I would say we’re about midway there,” he mentioned.
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In April, Trump surprised markets with a sweeping 145% tariff on Chinese language imports, prompting a right away response from President Xi Jinping, who slapped a 125% tariff on U.S. items. A brief 90-day truce adopted, bringing tariffs again all the way down to roughly 30% for Chinese language items coming into the U.S. and 10% for U.S. exports to China.
Fox Enterprise’ Morgan Phillips and Edward Lawrence contributed to this report.