USTR's Greer on China Trade, Tariffs, and AG1 CEO Kat Cole on Wellness Market
CNBC TelevisionMay 30, 202545 min2,468 views
42 connectionsยท40 entities in this videoโUS Trade Representative on China and Tariffs
- ๐บ๐ธ Ambassador Jamieson Greer discusses the ongoing trade negotiations with China, highlighting concerns over their non-compliance with the Geneva agreement.
- โ๏ธ The USTR expresses confidence in the legal case defending the president's authority to impose tariffs during national emergencies, despite a recent court ruling.
- ๐ Greer notes that global trading partners are largely treating the court's decision as a temporary setback, continuing negotiations as usual.
- ๐ก The administration is exploring various legal tools, including the Trade Act of 1974, to address trade imbalances and enforce agreements.
- ๐ The US trade deficit has significantly increased, with China being the largest contributor, necessitating action to fix the global trading system.
China's Trade Agreement Violations
- ๐จ๐ณ President Trump accused China of violating its trade agreement, specifically regarding the removal of tariffs and countermeasures like blacklisting US companies and restricting critical minerals.
- ๐ While China removed tariffs, they have been slow-rolling compliance on other agreed-upon measures, which is deemed unacceptable.
- ๐ค Direct communication between President Trump and President Xi is seen as necessary to resolve the stalled trade talks.
AG1 CEO on Wellness and Market Growth
- ๐ AG1 CEO Kat Cole discusses the company's growth, surpassing $600 million in profitable revenue and expanding into retail at Costco.
- ๐ฌ The company has invested in clinical research, leading to the development of AG1 NextGen, which features enhanced probiotics and upgraded ingredients.
- ๐ AG1's research indicates widespread nutrient gaps in individuals across various diets and activity levels, supporting the need for supplements.
- ๐ฐ Cole addresses the perceived high cost of AG1, explaining it's due to sourcing high-quality ingredients, third-party testing, and research investment, while also noting competitive pricing at Costco.
- ๐ก The wellness industry is booming, with AG1 positioning itself as a comprehensive solution for nutrient support, probiotics, and gut health.
AI and Impersonation Concerns
- ๐ค A report indicates federal authorities are investigating an effort to impersonate White House Chief of Staff Susie Wilds, potentially using artificial intelligence to mimic her voice.
- โ ๏ธ The impersonator reportedly asked for cash transfers and made inquiries about President Trump, raising suspicions among recipients.
- ๐ This highlights a growing concern for businesses and government entities regarding sophisticated AI-driven impersonation tactics.
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Whatโs Discussed
China TradeTariffsUSTRJamieson GreerTrade DeficitCourt RulingsAG1Kat ColeWellness IndustrySupplementsNutrient GapsProbioticsArtificial IntelligenceImpersonationWhite House
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