US-China trade talks to continue as Washington presses Beijing to honour Busan deal
China and the US are engaged in ongoing dialogues to foster stable trade relations, with emphasis on prior commitments. US officials expressed concern regarding China's adherence to agreements related to rare earth materials and agricultural products. The latest discussions revealed the US's stance that China falls short in fulfilling its responsibilities under the Busan agreement. Moreover,…
Washington and Beijing have agreed to continue trade talks, with the US urging China to honor the commitments made under the 2025 Busan trade truce, according to Xinhua. US Treasury Secretary Scott Bessent, US Trade Representative Jamie Greer and Chinese Vice Premier He Lifeng discussed these matters in a phone call on Friday, with Bessent emphasizing the importance of China's full and immediate fulfillment of its commitments.
US officials have expressed concerns over China's delivery of rare earth supplies, critical minerals, and agricultural purchases, with China reportedly meeting only about two-thirds of its rare earth commitments. Beijing has denied these allegations, but the US remains concerned about restrictions on yttrium exports to Japan, a key component in many US products.
The Busan trade truce, initially set to expire in January 2027, was extended by China during Xi's visit to Washington in September.
Written by urgent.news from Times of India's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
