Greer Says US May Act on China Overcapacity as New Trade Boards Take Shape

The White House said China agreed to purchase at least $17 billion per year in U.S. agricultural products through 2028.

U.S. Trade Representative Jamieson Greer addresses journalists during a press statement with U.S. Treasury Secretary Scott Bessent (unseen) following a new round of trade discussions with Chinese officials at the OECD Headquarters in Paris on March 16, 2026. Ludovic Marin/AFP via Getty Images

U.S. Trade Representative Jamieson Greer has said the Trump administration may take further action if ongoing trade investigations find that China’s industrial overcapacity and market barriers are distorting trade, even as Washington and Beijing work to formalize new economic channels following President Donald Trump’s summit with Chinese leader Xi Jinping.

Greer, speaking on CBS News’ “Face the Nation” on May 17, said the administration is preparing to manage U.S.–China trade through a new “Board of Trade” and “Board of Investment,” while keeping national-security-sensitive sectors outside those discussions.