Transcript: U.S. Trade Representative Jamieson Greer on "Face the Nation with Margaret Brennan," May 17, 2026
Summary
U.S. Trade Representative Jamieson Greer discussed trade and economic issues with China and addressed concerns about rising gas prices affecting Americans. He explained that the U.S. and China have agreed to create formal boards to better manage trade and investment issues, focusing on non-sensitive goods and improving cooperation.Key Facts
- Gas prices average $4.51 per gallon, causing Americans to spend $45 billion more on fuel since the war began.
- Lower-income Americans are reducing their driving due to higher fuel costs.
- President Donald Trump is balancing keeping gas affordable with foreign policy goals, like preventing Iran from developing nuclear weapons.
- The administration is working to raise wages and reduce prices on everyday items like dairy, cheese, and flour.
- The U.S. and China agreed to create a Board of Trade and a Board of Investment to improve communication and handle trade and investment issues more formally.
- The boards will focus on trading non-sensitive goods, such as agricultural products, energy goods, airplanes, medical devices, and consumer items.
- Sensitive goods related to national security, such as high-tech military-use items, remain restricted.
- China recently reduced some non-tariff barriers on U.S. agricultural products like beef and poultry.
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