U.S. Trade Representative Jamieson Greer has set a cautious tone ahead of this week's trade talks with China, stating that no 'enormous breakthrough' is expected. While the U.S. recently secured a trade deal with the European Union and is actively negotiating with other partners like Japan and India, progress with China remains slow. The talks are being closely watched by industries such as automakers, who are concerned about issues like Chinese exports of rare earth minerals. Greer emphasized that China's willingness to engage is positive, but significant structural changes or major agreements are unlikely in the immediate term. The U.S. continues to pursue multiple trade deals as part of its broader strategy to address trade deficits and global economic challenges.
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