US urges China to honour Busan trade deal commitments

US Treasury Secretary Scott Bessent and US Trade Representative Jamieson Greer met Chinese Vice Premier He Lifeng to urge Beijing to immediately implement its Busan trade deal commitments. Washington raised concerns about recent Chinese actions and said it would judge progress by concrete results. Beijing said it was open to buying more US agricultural goods if both countries implement their reciprocal tariff-reduction arrangement, described as “30 billion for 30 billion.” The agreement is part of efforts by Donald Trump and Xi Jinping to ease trade tensions and includes a commitment for China to buy $17bn in US farm goods annually from 2026.