US is pressing China to immediately implement the Busan trade pact, specifically rare earths, critical minerals and agricultural purchases, ahead of Trump-Xi talks at APEC on Nov 18-19. USTR's Greer s

What happened: The US Trade Representative's Office said Treasury Secretary Scott Bessent and USTR Jamieson Greer urged Chinese Vice Premier He Lifeng in a call to implement the Busan trade pact, citing rare earths, critical minerals and farm purchases. Key numbers: Busan deal agreed October 2025, expires Why it matters: Greer said the administration will monitor compliance with past commitments while seeking benefits for US farmers, ranchers, manufacturers and workers. Xinhua reported China voiced serious concern over recent US trade restrictions but agreed to keep using consultation.

The US Trade Representative's Office said Treasury Secretary Scott Bessent and USTR Jamieson Greer urged Chinese Vice Premier He Lifeng in a call to implement the Busan trade pact, citing rare earths, critical minerals and farm purchases.

Greer said the administration will monitor compliance with past commitments while seeking benefits for US farmers, ranchers, manufacturers and workers. Xinhua reported China voiced serious concern over recent US trade restrictions but agreed to keep using consultation.