Listeners, in the past few days, U.S. Trade Representative Jamieson Greer has been at the center of several major international trade developments. Most notably, Greer participated in high-level meetings with China’s delegation in Kuala Lumpur, where both sides agreed to work out detailed arrangements aimed at resolving ongoing trade tensions. The talks covered tariff disputes affecting maritime, logistics, shipbuilding, and agricultural trade and resulted in consensus to extend certain tariff pauses, cooperate on law enforcement regarding fentanyl trafficking, and maintain agricultural market access. Chinese Vice Premier He Lifeng emphasized that mutual benefit and win-win results remain fundamental to the U.S.-China trade relationship, calling for continued dialogue based on respect and peaceful co-existence, as reported by Xinhua.
Over the weekend, sources highlighted Greer's involvement in the Asia-Pacific Economic Cooperation discussions in South Korea, alongside Secretary of State Marco Rubio. The U.S. responded critically to perceived Chinese economic coercion, particularly regarding export controls and the suspension of rare earth exports. In response, Greer announced modifications to Section 301 tariffs targeting Chinese-linked cranes and cargo equipment, with additional proposals to address ongoing concerns about global supply chains, according to the Chosun Ilbo.
As part of the latest arrangements, the United States will delay by one year new export controls on subsidiaries of Chinese companies already listed under previous sanctions, and lower the fentanyl tariff by ten percentage points starting November tenth. China will increase its purchase of American soybeans through 2028 and facilitate global exports of semiconductors, a move expected to stabilize agricultural and technology markets. The Bureau of Industry and Security confirmed that certain tariff exemptions will also extend until November next year, alleviating pressure on importers ahead of the holiday season, according to KoreajoongAng Daily.
The White House further announced the completion of a landmark tariff deal with the European Union, which will standardize tariffs at fifteen percent across major industrial goods. European Union President Ursula von der Leyen described this as an all-inclusive agreement that will bring stability and predictability for U.S. and EU businesses. Additionally, the EU committed to boosting investments in American energy and defense sectors, signaling a shift toward open markets and deepened transatlantic partnerships.
Sri Lanka also entered new talks with Jamieson Greer in an effort to lower tariffs and encourage bilateral trade, with future agreements on agricultural and technology products under consideration. EconomyNext reports that Greer’s ongoing negotiations with South Asian and East Asian partners reflect a broader U.S. strategy of leveraging tariffs while seeking cooperative trade solutions.
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