Trump Will Address China Buying Iranian Oil, Greer Says

Summary

U.S. Trade Representative Jamieson Greer discusses the upcoming meeting between President Trump and President Xi, focusing on China's noncompliance with U.S. sanctions on Iranian oil. He emphasizes that while serious, the issue should not derail broader trade negotiations. Greer also comments on U.S. alliances and the need to reindustrialize the American economy.

• China is refusing to comply with U.S. sanctions on Iranian crude imports.
• The Iran oil issue will be discussed in the Beijing meeting but is not the only topic.
• Greer stresses the U.S. needs to reduce its trade deficit and increase manufacturing.
• He notes that the U.S. has a history of economic disputes with allies without harming military cooperation.
• The U.S. is seeking stability and agreements with China.
• Treasury actions against oil refiners dealing with Iran are mentioned.