US officials urged China to immediately fulfill commitments under a trade deal, including deliveries of rare earths and other critical minerals and purchases of US farm goods. China says farm purchases hinge on mutual tariff reductions.
Treasury Secretary Scott Bessent and US Trade Representative Jamieson Greer urged Chinese Vice Premier He Lifeng in a call to implement commitments under the Busan trade deal, including agricultural purchases and deliveries of rare earths and other critical minerals. The call came ahead of expected meetings between President Donald Trump and Chinese President Xi Jinping at the APEC leaders summit on November 18-19 and the G20 leaders summit on December 14-15.
The deal, which expires on January 10, capped US tariffs on Chinese goods implemented during Trump's second term at about 20%. China pledged to buy 25 million metric tons of US soybeans over three years and increase purchases of other US farm goods by $17 billion. China has said it is open to buying more US farm goods if both sides implement a reciprocal tariff-cut agreement; a proposed package of $60 billion in reciprocal cuts has not been finalized.
