{"id":64492,"date":"2026-07-09T08:38:14","date_gmt":"2026-07-09T12:38:14","guid":{"rendered":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/ustr-greer-signals-trade-progress-with-china-and-domestic-manufacturing-wins\/64492\/"},"modified":"2026-07-09T08:38:14","modified_gmt":"2026-07-09T12:38:14","slug":"ustr-greer-signals-trade-progress-with-china-and-domestic-manufacturing-wins","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/ustr-greer-signals-trade-progress-with-china-and-domestic-manufacturing-wins\/64492\/","title":{"rendered":"USTR Greer Signals Trade Progress with China and Domestic Manufacturing Wins"},"content":{"rendered":"<h2>Key Takeaways<\/h2>\n<ul>\n<li><strong><a href=\"https:\/\/stockmarketwatch.com\/stock\/MU\" data-internallinksmanager029f6b8e52c=\"20\" title=\"Stock: MU\">Micron<\/a> Technology (<a href=\"\/stock\/MU\">MU<\/a>)<\/strong> announced a <strong>$3 billion<\/strong> strategic investment to bolster the U.S. semiconductor ecosystem, including <strong>$500 million<\/strong> for <strong>GlobalWafers<\/strong> expansion.<\/li>\n<li><strong>China<\/strong> executed its largest daily purchase of U.S. soybeans since November, acquiring <strong>472,000 tonnes<\/strong> as part of a broader commitment to purchase <strong>$17 billion<\/strong> in agricultural goods.<\/li>\n<li><strong>Ambassador Jamieson Greer<\/strong> confirmed that the administration&#39;s China trade strategy is &quot;working,&quot; citing stabilizing relations and significant agricultural orders following the May summit.<\/li>\n<li><strong>Trade tensions with Brazil<\/strong> remain high as the USTR warns of a &quot;lot of distance&quot; between the two nations ahead of a <strong>July 15<\/strong> deadline for potential <strong>25% tariffs<\/strong>.<\/li>\n<li><strong>A &quot;path forward&quot; with Spain<\/strong> has reportedly been identified by President Trump, potentially averting a total trade cutoff previously threatened over NATO defense spending.<\/li>\n<\/ul>\n<h2>USTR Greer Applauds Tech Sector Onshoring<\/h2>\n<p>U.S. Trade Representative <strong>Jamieson Greer<\/strong> today praised recent manufacturing announcements from <strong>Apple (<a href=\"\/stock\/AAPL\">AAPL<\/a>)<\/strong> and <strong>Micron Technology (<a href=\"\/stock\/MU\">MU<\/a>)<\/strong>, framing them as victories for the administration\u2019s &quot;America First&quot; trade policy. <strong>Micron (<a href=\"\/stock\/MU\">MU<\/a>)<\/strong> unveiled a <strong>$3 billion<\/strong> investment plan aimed at strengthening the domestic semiconductor supply chain.<\/p>\n<p>The investment includes <strong>$500 million<\/strong> specifically allocated to support <strong>GlobalWafers&#39;<\/strong> expansion in Texas. <em>Greer noted that safeguarding the memory chip industry is vital for national security<\/em>, ranging from defense systems to medical devices. These moves are seen as a direct result of trade incentives designed to reshore critical industrial production.<\/p>\n<h2>China Agricultural Purchases Signal Strategy Success<\/h2>\n<p><strong>Ambassador Greer<\/strong> stated that the current U.S. trade strategy with <strong>China<\/strong> is yielding tangible results, highlighted by a massive surge in agricultural orders. On Wednesday, Chinese buyers booked <strong>472,000 tonnes<\/strong> of U.S. soybeans, the highest single-day volume in eight months.<\/p>\n<p>This follows a high-stakes summit in Beijing where <strong>China<\/strong> reportedly pledged to purchase at least <strong>25 million tons<\/strong> of soybeans annually through 2028. <em>Market analysts suggest these &quot;good faith&quot; purchases are intended to stabilize relations<\/em> ahead of a planned visit by Chinese leadership to Washington in September.<\/p>\n<h2>Ongoing Friction with Brazil and Spain<\/h2>\n<p>Despite progress in Asia, <strong>Greer<\/strong> signaled that negotiations with <strong>Brazil<\/strong> remain difficult, stating there is still &quot;a lot of distance&quot; to cover. The U.S. is currently investigating <strong>Brazil<\/strong> under <strong>Section 301<\/strong> for &quot;unreasonable&quot; trade practices, with proposed <strong>25% tariffs<\/strong> looming on the horizon.<\/p>\n<p>Regarding <strong>Spain<\/strong>, <strong>Greer<\/strong> indicated that President Trump has found a &quot;path forward,&quot; cooling recent rhetoric about a total trade embargo. The dispute had centered on Spain\u2019s refusal to meet a <strong>5% GDP<\/strong> defense spending target for NATO. While a provisional list of Spanish goods for potential restriction was prepared, <em>officials now suggest a diplomatic resolution may be within reach<\/em>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways Micron Technology (MU) announced a $3 billion strategic investment to bolster the U.S. semiconductor ecosystem, including $500 million 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