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US Warns China to 'Immediately' Meet Trade Deal Terms Ahead of Trump-Xi Meeting
Sentiment: NeutralHigh Priority
What Happened?
The US has urged China to fulfill its trade commitments made in a deal from last year. Treasury Secretary Scott Bessent emphasized the need for immediate compliance during a video call with Chinese officials.
Key points
- Treasury Secretary Scott Bessent and US Trade Representative Jamieson Greer spoke with Chinese Vice Premier He Lifeng.
- The US is monitoring China's compliance with the Busan trade agreement made in October 2025.
- China is expected to buy more US agricultural products if reciprocal tariff reductions are implemented.
- The deadline for the extended truce on tariffs and rare earth exports is now January 10, 2027.
- The US aims for balanced trade and lasting gains for American farmers and workers.
Key insights
- The US is likely to increase scrutiny on China's compliance with trade agreements.
- Failure to meet trade commitments may escalate tensions between the two nations.
- China's willingness to buy more US products could hinge on tariff negotiations.
Why it matters
The outcome of the US-China trade discussions could significantly impact global trade dynamics.
Tags
Entities
Scott Bessent· PersonJamieson Greer· PersonHe Lifeng· PersonDonald Trump· PersonXi Jinping· PersonBusan· LocationChina· CountryUnited States· Country
Source
Times Now
