Busan Container Terminal 2006

EconomyUnited States

US officials press China to follow through on Busan trade deal

Scott Bessent, the Treasury Secretary, and Jamieson Greer, the U.S. trade envoy, held a call with He Lifeng, China's Vice Premier, about Beijing's latest moves. The two Americans said the promises made in the Busan agreement have to be honored.

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Photo: Niels Johannes, CC BY-SA 4.0, via Wikimedia Commons

Economy ·

Treasury Secretary Scott Bessent and Jamieson Greer, the U.S. Trade Representative, met China's Vice Premier He Lifeng in a call. They said Washington was worried about several recent measures by Beijing.

Economy

The two U.S. officials stressed how important it is to carry out the commitments made under a deal reached a year ago in Busan, South Korea. The call centered on whether those promises are being kept.

Economy

The material does not describe which Chinese actions prompted the concern. It also does not say what steps may follow if the terms are not met.

Who is who

  • Scott BessentU.S. Treasury Secretary
  • Jamieson GreerU.S. Trade Representative
  • He LifengChina's Vice Premier

Background

The Busan deal was struck a year ago in South Korea and set out trade commitments between the United States and China.

Where
United States
Published
Section
Economy

This article is not investment advice. It was written by our automated newsroom from published reports and official statements, using only the facts in them, and not read by a person before it was published. Report a mistake
Photo: Niels Johannes, CC BY-SA 4.0, via Wikimedia Commons

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