Transcript: U.S. Trade Representative Jamieson Greer on "Face the Nation with Margaret Brennan," May 17, 2026
U.S. Trade Representative Jamieson Greer discussed efforts to address high gas prices and their impact on lower-income households during an interview on 'Face the Nation.' He highlighted ongoing U.S.-China negotiations to establish formal boards for trade and investment, aiming to stabilize economic relations. Greer emphasized progress in reducing non-tariff barriers on agricultural goods, though no timeline was provided for relief in fuel costs.
- ▪Gas prices are averaging $4.51 per gallon, with Americans spending $45 billion more on fuel since the start of the conflict in the Gulf.
- ▪The U.S. and China have agreed to create a Board of Trade and a Board of Investment to formalize economic discussions and address trade barriers.
- ▪China has recently reduced non-tariff barriers on U.S. agricultural products, including beef and poultry, facilitating increased exports.
- ▪The new trade board will focus on non-sensitive goods such as agricultural products, energy, Boeing aircraft, and medical devices, excluding high-tech or military-related items.
- ▪Greer stated the administration is focused on raising wages and lowering prices for staple goods to help offset the burden of high fuel costs on American households.
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Face The Nation Transcripts Transcript: U.S. Trade Representative Jamieson Greer on "Face the Nation with Margaret Brennan," May 17, 2026 .chip { background-image: url('/fly/bundles/cbsnewscore/images/chip-bgd/chip-bgd-face-the-nation.jpg'); } May 17, 2026 / 9:05 AM EDT / CBS News Add CBS News on Google The following is the transcript of the interview with U.S. Trade Representative Jamieson Greer that aired on "Face the Nation with Margaret Brennan" on May 17, 2026.MARGARET BRENNAN: We begin this morning with a top member of the president's economic team, United States Trade Representative Jamieson Greer. Good morning to you, Ambassador.JAMIESON GREER: Good morning. Good to be here.MARGARET BRENNAN: It isn't just a matter of sentiment. Gas is at an average of $4.51 a gallon.
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