Washington Demands Full Chinese Compliance With Trade Deal
The United States government called on China on Friday to fulfill its trade agreement commitments fully and immediately. United States Treasury Secretary Scott Bessent pressed Chinese Vice-Premier He Lifeng during a phone conversation to implement the terms agreed upon at the October 2025 Asia-Pacific Economic Cooperation summit in Busan, South Korea. Bessent stated that future progress depends on concrete results and that Washington will closely evaluate Beijing’s execution of the pact.
The Busan agreement originally set a one-year timeline to ease escalating tariffs and trade restrictions between the two nations, obligating China to purchase American soybeans through 2028. Both governments later extended their commercial truce to January 10, 2027, during Chinese President Xi Jinping’s visit to the White House in September. White House trade representative Jamieson Greer participated in Friday’s call alongside Bessent ahead of an upcoming APEC leadership summit in China where U.S. President Donald Trump is scheduled to meet Xi Jinping.
Beijing Raises Concerns Over New U.S. Restrictions
Chinese Vice-Premier He Lifeng responded to the American pressure by expressing strong concerns regarding recent restrictive economic and trade measures imposed by Washington, according to a statement from the Chinese Ministry of Commerce. State media reports did not specify which particular U.S. actions He was referencing during the call. Both officials ultimately agreed to properly manage their disputes and promote a stable bilateral commercial relationship.
Industry experts indicate that the primary friction point for American negotiators involves the sluggish pace of Chinese shipments of rare-earth magnets. These materials remain critical for manufacturing automobiles, smartphones, and defense equipment. While the original Busan accord required China to suspend new export controls on rare earth elements and issue necessary export licenses, U.S. negotiators expressed frustration over implementation delays during President Xi’s September visit to Washington.
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