U.S. presses China to fulfill Busan trade commitments

The United States urged China to carry out its Busan trade commitments in full during a November 6 video call, pressing for concrete results on agricultural purchases and supplies of rare earths and other critical minerals. Treasury Secretary Scott Bessent and U.S. Trade Representative Jamieson Greer spoke with Chinese Vice Premier He Lifeng, according to government statements. Bessent said Washington would closely assess China’s implementation and that continued progress depended on tangible results. Greer’s office said he called for concrete action on agricultural purchases, rare earths and other critical minerals. The officials also discussed U.S.-China economic relations and recent trade measures. China’s Ministry of Commerce said the country was open to buying more U.S. farm goods, but linked additional purchases to both sides implementing their reciprocal tariff-cut arrangement. Spokesperson Huang Ling described the arrangement as a $30 billion-for-$30 billion reciprocal tariff reduction. The U.S. statements and China’s position did not establish how much of the promised trade had been completed. The Busan commitments were made by Presidents Donald Trump and Xi Jinping...