US URGES CHINA TO MEET RARE EARTHS COMMITMENTS AHEAD OF TRUMP - XI MEETINGS - ECONOMY

What happened: Treasury Secretary Scott Bessent and US Trade Representative Jamieson Greer urged Chinese Vice Premier He Lifeng in a call to implement the Busan pact from October 2025, including rare earths, critical minerals and agricultural purchases. Key numbers: Busan deal expires Jan. 10. It capped US tariffs on Chinese goods at about 20 percent. Why it matters: China expressed "serious concern" over recent US trade restrictions but agreed to continue consultations. Bessent said progress depends on concrete results, and the US will closely assess China's implementation. Coverage: 3 outlets in 24h

Treasury Secretary Scott Bessent and US Trade Representative Jamieson Greer urged Chinese Vice Premier He Lifeng in a call to implement the Busan pact from October 2025, including rare earths, critical minerals and agricultural purchases.

China expressed "serious concern" over recent US trade restrictions but agreed to continue consultations. Bessent said progress depends on concrete results, and the US will closely assess China's implementation.