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Investing.com -- U.S. Trade Representative Jamieson Greer announced Wednesday that he and Treasury Secretary Scott Bessent are departing for Malaysia today to meet with Chinese trade negotiators.
Speaking on CNBC, Greer described China’s recent move on rare earth minerals as "aggressive" and revealed that the U.S. is actively working to diversify its sourcing of these critical materials.
"We are focused on getting rare earth capacity in the U.S. reactivated," Greer said, highlighting efforts to reduce dependency on Chinese supplies.
Regarding broader U.S.-China relations, Greer emphasized that "there is a good landing zone for U.S., China trade" but stressed that "we have to actively manage China, U.S. trading relationship."
He noted the fundamental differences in export controls between the two nations, stating that "U.S. controls only high-end exports" while "China controls basic inputs, it’s indiscriminate."
On the possibility of a meeting between President Trump and Chinese President Xi Jinping, Greer indicated that "it has to be a mutual decision for Xi, Trump to meet" while asserting that the two leaders "have great relationship."
Greer also mentioned ongoing discussions with China about soybeans, saying "we talk frequently with China about soybeans."
Addressing other trade matters, he dismissed concerns about Argentine beef imports, stating he doesn’t "see Argentine beef flooding U.S. market."
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