Greer on EU Complying With Trade Deal, Trump to China

Summary

US Trade Representative Jamieson Greer discusses EU compliance with the Turnberry trade deal, including tariff and non-tariff barriers, and the possibility of escalation to 25% auto tariffs. He also addresses China's purchases of Iranian oil as a key agenda item for Trump's meeting with Xi Jinping. Greer emphasizes the need for re-industrialization and fixing trade imbalances, while noting European reassessment of China ties and cooperation on critical minerals.

• EU has not yet complied with tariff and non-tariff commitments from the Turnberry agreement.
• US has 25% tariffs on autos and other tariffs on steel/aluminum; escalation possible if EU fails to comply.
• China’s refusal to comply with US sanctions on Iranian crude oil will be discussed at Trump-Xi meeting.
• US seeks stability with China but will address oil sanctions in broader relationship context.
• Greer argues the US must re-industrialize and reduce its trade deficit, including with Europe.
• European countries are rethinking economic ties with China but no massive decoupling expected.
• US and Europe cooperate on critical minerals and consider a plurilateral trade agreement.
• Historical alliance tensions are normal, and trade disputes can be separated from security cooperation.