Jamieson Greer Explains Trump’s Break With Decades of China Trade Policy

Council on Foreign Relations (CFR)
Council on Foreign Relations (CFR)Jun 5, 2026

Why It Matters

This marks a policy pivot toward managed trade and stability over systemic change, reshaping US leverage on China and signaling acceptance of enduring economic differences that will affect supply chains, technology competition, and domestic political debates.

Summary

After President Trump’s Beijing trip, US officials hailed concrete commercial wins—orders for about 200 Boeing jets and roughly $17 billion in agricultural purchases—while deliberately keeping tariffs in place and securing rare-earth supply cooperation. The administration framed the visit as yielding “strategic stability,” creating managed-trade mechanisms including a board of trade and a board of investment to regulate exchanges. Officials signaled a shift away from long-term efforts to force China to overhaul state-led industrial subsidies and political-economic structures, instead accepting limited regulatory tweaks and targeted market access. The outcome emphasizes pragmatic, stability-focused engagement rather than a push for comprehensive Chinese reform.

Original Description

“We continued our plan of strategic stability, we continued to have our tariffs, we continued to have a little bit of a managed trade approach . . . [W]e’ve just come to terms with the fact that there’s not going to be some giant comprehensive reform,” says U.S. Trade Representative Ambassador Jamieson Greer, describing Trump’s Beijing trip, and the administration’s break with decades of reform-oriented trade negotiations with China.
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