US Treasury Secretary Scott Bessent and Trade Representative Jamieson Greer urged China to carry out commitments made under a 2025 trade agreement, including on agricultural purchases and supplies of rare earths and other critical minerals.
The officials raised the issue during a video call on November 6 with Chinese Vice Premier He Lifeng, Beijing’s lead trade negotiator with Washington. Greer called for “concrete actions” to implement the commitments, according to a readout from the Office of the US Trade Representative. Bessent said the United States wanted China to comply “fully and immediately,” the Treasury Department reported.
The Busan agreement followed a meeting between President Donald Trump and Chinese President Xi Jinping in South Korea in 2025. Under the deal, China agreed to buy 25 million metric tons of US soybeans annually for three years and suspend new restrictions on rare earth exports. The agreement also capped US tariffs on Chinese goods at about 20%, according to the supplied account.
Beijing raises concerns about US restrictions
He expressed “serious concern” about recent US trade restrictions targeting China, China’s state news agency Xinhua reported. The report did not specify which measures he meant. Both sides said they would continue cooperation and manage differences to support stable trade relations.
The trade pact was initially set to cover one year and was later extended until January 10, 2027. Trump and Xi are expected to meet again at the Asia-Pacific Economic Cooperation forum in Shenzhen, scheduled for November 18-19.
Separately, China has confirmed that it is discussing a possible meeting between Xi, Trump and Russian President Vladimir Putin during the APEC gathering. Chinese Foreign Ministry spokesperson Mao Ning said this week that Beijing was in communication with relevant parties about a meeting of the three leaders.
Nicole French 
Reid Bentley