AI summary
Summary of article:
US officials once again demanded that China fully implement the 2025 trade agreement. The dispute between the two parties focused on rare earth exports and China’s compliance progress.
The progress of implementation of the US-China trade agreement has attracted renewed attention. US Treasury SecretaryBesant Trade Representative Greer spoke today with Chinese Vice Premier He Lifeng, urging Beijing to fully and immediately implement its 2025 trade agreement commitments and expressing concern about China’s recent actions.rare earth Exports and China’s compliance with the contract remain the focus of the trade dispute between the two sides.
The US Treasury Department said in a statement that Secretary Scott Besant and Trade Representative Jameson Greer met with China, Agence France-Presse reported.state Council Vice Premier He Lifeng spoke on the phone. Besant stressed that continued progress between the two sides depends on concrete results, and the United States will closely evaluate China’s implementation of the agreement.
The statement refers to China’s commitments made in October 2025. At that time, US President Trump and Chinese President Xi Jinping met during the Asia-Pacific Economic Cooperation (APEC) in Busan, South Korea.
The agreement marks a reduction in bilateral tensions after the United States and China raised tariffs on each other as early as 2025. The agreement requires China to continue purchasing US soybeans in 2026 and through 2028.
China also agreed to suspend the implementation of new rare earth export control measures and issue general licenses for the export of related materials.
The Busan agreement was initially valid for one year, but during Xi Jinping’s visit to the White House in September, the United States and China extended the trade armistice until January 10, 2027.
Trade experts pointed out that the current main disagreement between the United States and China is in the scale and extent of China’s rare earth exports.
Rare earths are important materials in the manufacturing of products such as smartphones, cars and military equipment.
Summary FAQ
-
During a phone call with Trade Representative Greer, US Treasury Secretary Besant demanded that China fully and immediately implement its commitments under the 2025 trade agreement, and said that the United States will continue to closely assess China’s actual performance.
-
The report notes that the main disagreement between the two sides currently concerns the scale and degree of control over China’s rare earth exports. Rare earths are important materials for mobile phones, cars and military equipment, so they have become a focus of sensitivity.
-
The agreement requires China to continue purchasing US soybeans in 2026 and through 2028, and agree to suspend new rare earth export controls and issue general licenses for exports of related materials as part of easing relations.
