US Treasury Secretary Scott Bessent and Trade Representative Jamieson Greer called on China to "fully and immediately" implement its commitments under a 2025 trade agreement reached between Trump and Chinese President Xi Jinping in Busan during an APEC summit.
Greer emphasized the importance of China taking "concrete actions" particularly on agricultural purchases, rare earths and other critical minerals, according to a statement from his office following a Friday videoconference between the US officials and Chinese Vice Premier He Lifeng.
The accord capped US tariffs on Chinese goods at approximately 20 percent. China agreed to purchase 25 million metric tons of US soybeans over three years and committed to keep rare earth exports flowing while suspending new export curbs.
He expressed "serious concern" over recent US trade restrictions targeting China during the call, according to Chinese state news agency Xinhua. The report did not identify which measures he referenced.
Both parties agreed to "continuously strengthen cooperation" and "properly manage differences" to promote stable US-China trade relations, Xinhua reported.
The initial one-year pact was extended until January 10 next year after Trump hosted Xi at the White House in September. Trump and Xi are expected to meet again at an APEC forum in Shenzhen scheduled for November 18 to 19.
China also confirmed this week that it is discussing a historic trilateral summit involving Xi, Trump and Russian President Vladimir Putin on the sidelines of the upcoming APEC gathering, according to Chinese Foreign Ministry spokesperson Mao Ning.