# US Demands China Fulfill 2025 Busan Trade Agreement Commitments Treasury officials urge Beijing to honor mineral and agricultural purchase pledges before upcoming summit. - **Source:** [DW – Top Stories](https://www.dw.com/en) - **Published:** 2026-11-07 - **Topic:** [Business](https://brifing.si/c/business) - **Original article:** - **On Brifing:** https://brifing.si/s/a9b1678f-09ed-4292-9659-35240b5a6327 ## Urgent Call for Compliance US Treasury Secretary Scott Bessent and Trade Representative Jamieson Greer held a critical videoconference with Chinese Vice Premier He Lifeng. The American officials demanded that Beijing immediately implement commitments from the 2025 Busan trade accord. This pressure comes as both nations prepare for a high-stakes meeting between their leaders later this month. ## Focus on Critical Minerals The primary friction point involves China’s failure to meet supply obligations regarding rare earth minerals and agricultural products. These materials are essential for the American technology industry. The Trump administration has repeatedly expressed frustration over Beijing’s inconsistent export flow, which they argue undermines both economic stability and national security interests. ## The 2025 Busan Accord The trade deal was established during an APEC summit in South Korea to de-escalate tariff wars. It capped US tariffs on Chinese goods at approximately 20% while requiring China to purchase 25 million metric tons of soybeans over three years. Beijing also pledged to suspend new export curbs on vital rare earth minerals. ## Beijing’s Counter-Arguments Vice Premier He Lifeng expressed serious concern regarding recent US trade restrictions targeting Chinese industries. While the specific measures were not detailed by state news agency Xinhua, the Chinese side emphasized the need to manage differences. Both parties officially agreed to strengthen cooperation to maintain a stable trade relationship despite these ongoing tensions. ## Timeline and Extensions The original Busan agreement was designed to cover only one year of trade activity. However, following a September meeting between President Trump and President Xi at the White House, the pact was extended until January 10. This extension provides a temporary framework while both nations negotiate more permanent solutions to their economic disputes. ## Upcoming APEC Summit The diplomatic pressure is building ahead of the APEC forum scheduled for November 18 to 19 in Shenzhen, China. This event serves as the next major venue for Trump and Xi to address their economic grievances. The outcome of these discussions will likely dictate the future trajectory of US-China trade policy and tariffs. ## Potential Trilateral Meeting Beyond bilateral trade, China has confirmed it is coordinating a potential historic trilateral summit involving Xi, Trump, and Russian President Vladimir Putin. Foreign Ministry spokesperson Mao Ning stated that communication is ongoing with relevant parties. Such a meeting would represent a significant shift in global diplomatic dynamics during the APEC gathering. ## Strategic Economic Implications The US administration maintains that enforcing these trade commitments is vital for protecting American workers and farmers. By linking mineral supply security to broader economic policy, Washington is attempting to leverage the Busan deal to gain domestic political advantages. The success of these negotiations remains a key indicator of future US-China relations. ## Sources covering this story - https://www.dw.com/en/us-asks-china-to-uphold-busan-trade-deal-commitments/a-79882939?maca=en-rss-en-top-1022-rdf — --- _Summary written by Brifing from the original reporting. Copyright in the original article belongs to its publisher; read the full piece at the link above._