US Treasury Secretary Scott Bessent and US Trade Representative Jamieson Greer met Chinese Vice Premier He Lifeng to press for implementation of the agreement, according to the supplied Al Jazeera report. The meeting placed the focus on whether the commitments negotiated by the two sides are being carried out.
The Financial Times reported that Washington said China was not fulfilling commitments to increase supplies of rare earths and other critical products. The supplied material does not specify the scale or timing of the alleged shortfalls, or identify the particular US agency or individual that initially issued the warning.
Al Jazeera described the Busan agreement as a deal negotiated by US President Donald Trump and Chinese President Xi Jinping that was intended to ease tariffs and lift technology restrictions. The report also cited a US Treasury statement saying that continued progress depends on concrete results and that Washington will closely assess China’s implementation.
That assessment makes delivery of the agreement’s commitments central to its further progress, but the available reports do not establish whether China issued a direct response to the US warning. They also do not clarify how the reported supply concerns will affect the wider tariff and technology arrangements.