U.S. Treasury Secretary Scott Bessent and U.S. Trade Representative Jamieson Greer held a call with Chinese Vice Premier He Lifeng, demanding that China fully and immediately implement commitments from the trade agreement reached in Busan, South Korea, one year ago. Bessent emphasized that continued progress depends on concrete results, with the U.S. closely assessing China's implementation efforts.
Greer's office stated that China must take "concrete actions" to honor its commitments, particularly regarding purchases of agricultural products, rare earths, and other critical minerals. The pressure comes as U.S. tariff exemptions for certain Chinese products are set to expire on November 10, with no indication yet from Washington on whether they will be extended.
US Treasury and Trade Officials Press China to Implement Busan Agreement Commitments
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