US asks China to uphold Busan trade deal commitments
The US urged Beijing to meet commitments from a 2025 accord — particularly on agricultural purchases and rare earths supply. China, meanwhile, expressed concern over the US' "economic, trade restrictive" measures.
The United States has urged China to promptly adhere to its commitments under the 2025 trade agreement between the two nations, particularly regarding critical minerals such as rare earths and agricultural products. Treasury Secretary Scott Bessent and Trade Representative Jamie Jamieson Greer engaged in a videoconference with Chinese Vice Premier He Lifeng on Friday, discussing the trade and economic relationship between Washington and Beijing.
Greer stressed the importance of China's actions in implementing past commitments, especially in areas like agricultural purchases, rare earths, and other critical minerals. The US and China agreed to further strengthen cooperation and manage their differences to maintain a stable trade relationship. China, meanwhile, confirmed it is discussing a potential trilateral summit with the US and Russia during the upcoming APEC forum in Shenzhen.
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