The US is engaging in trade negotiations with China, the European Union, and other partners, but officials are cautioning against expecting any major breakthroughs, particularly with China. US Trade Representative Jamieson Greer emphasized that while talks are ongoing, significant progress with China is unlikely in the immediate term. Meanwhile, the US has recently reached a new trade deal with the EU and is working to finalize agreements with other key partners like Japan and India. These negotiations are closely watched by industries such as automakers, who are concerned about access to critical materials. The overall strategy aims to address trade deficits and secure structural changes favorable to the US.
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