World · East Asia & Pacific · 2 hrs ago
US urges China to meet commitments under Busan trade deal
US officials urged China to act on its Busan trade deal commitments after meeting Chinese Vice Premier He Lifeng.
The agreement between US President Donald Trump and Chinese President Xi Jinping aims to ease tariffs and technology restrictions and reduce trade tensions.
Washington says China has not met commitments involving rare earths and other critical products, and says it will assess whether Beijing delivers.
China says it is open to buying more US farm goods if both countries carry out an agreed reciprocal tariff reduction.
The dispute matters because the deal’s progress depends on both sides following through on their commitments.
The US Treasury said it would closely assess China’s implementation, while China has tied further farm purchases to the tariff cuts.
US officials urged China to immediately implement its commitments under the Busan trade agreement.
Treasury Secretary Scott Bessent and Trade Representative Jamieson Greer met Chinese Vice Premier He Lifeng.
The United States said progress depended on concrete results and that it would closely assess China’s implementation.
The deal was intended to ease tariffs and technology restrictions and de-escalate trade tensions.
China said it was open to buying more US farm goods if both sides implemented an agreed reciprocal tariff reduction.
- Who
- US Treasury Secretary Scott Bessent and Trade Representative Jamieson Greer met Chinese Vice Premier He Lifeng.
- What
- US officials urged China to immediately implement its commitments under the Busan trade agreement.
- When
- Friday, according to the Treasury announcement. The articles were published on November 6, 2026.
- Where
- Not stated.
- Why
- The United States said progress depended on concrete results from China’s implementation. The deal aimed to ease tariffs and technology restrictions.
United States
China
Implementation
United States
The US urged China to fully and immediately implement its Busan commitments and said it would assess the results.
China
China said it was open to expanding purchases of US farm products only if both sides implemented their agreed reciprocal tariff-reduction arrangement.
Trade commitments
United States
The US raised concerns about recent Chinese actions and said continued progress depended on concrete results.
China
China’s Ministry of Commerce said it had consistently been open to expanding purchases of US agricultural products, subject to the tariff-reduction arrangement.
China made a commitment to buy US soya beans.
The White House said Beijing agreed to buy $17bn of US agricultural goods annually from 2026, with this year’s target adjusted on a prorated basis.
Trump and Xi met, and the White House proposed $60bn in cuts, including $17bn worth of US farm goods.
China said it was open to buying more US farm goods if both sides implemented the reciprocal tariff cut.
Bessent and Greer met He Lifeng and urged China to implement its Busan commitments immediately.
- US officials
- Scott Bessent and Jamieson Greer
- Chinese official
- Vice Premier He Lifeng
- Deal
- Busan trade agreement
- Farm-goods proposal
- $17bn worth of US farm goods included in the White House’s September proposal
- Reciprocal tariff arrangement
- 30 billion for 30 billion