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Washington is urging Beijing to immediately fulfil its commitments under the Busan trade agreement, raising fresh questions about the future of US-China economic relations.
In a recent telephone conversation, US Treasury Secretary Scott Bessent and US Trade Representative Jamieson Greer pressed Chinese Vice Premier He Lifeng to honour China's commitments. Washington also raised concerns over recent Chinese actions and stressed that further progress would depend on concrete results.
The dispute involves key trade commitments, including rare-earth supplies and agricultural purchases. While US officials have expressed concerns about China's implementation, Beijing has indicated that further agricultural purchases are linked to the implementation of reciprocal tariff reductions.
With both economies closely connected through global trade and supply chains, the latest disagreement could have wider implications for international markets, businesses and economic relations.
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