Bessent Presses China's Vice Premier to Implement Busan Commitments at Once; Beijing Ties More US Farm Purchases to the Tariff Cuts

The US Treasury said on Friday, November 6, 2026, that Treasury Secretary Scott Bessent held talks with Chinese Vice Premier He Lifeng and stressed that China must fully and immediately implement its commitments under the Busan trade agreement. According to the statement, Bessent raised concerns about "recent Chinese actions" and said continued progress depends on concrete results. Al Jazeera reported that US Trade Representative Jamieson Greer also took part.

A day earlier, Chinese Commerce Ministry spokesperson Huang Ling said Beijing was open to buying more US farm goods, but only on condition that the two sides implement the agreed "30 billion for 30 billion" reciprocal tariff-reduction arrangement. Al Jazeera reported that in May the White House said Beijing had agreed to buy $17 billion of US agricultural goods annually from 2026. The Busan truce deadline had earlier been extended to January 10.