U.S. trade chief says China has complied with terms of trade deals | Fortune
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U.S. trade chief says China has complied with terms of trade deals | Fortune
""With China, it's always we verify and we monitor and we watch the commitments. The commitments are quite specific," Greer said Sunday on Fox News' The Sunday Briefing. "So all of these things that we've agreed to with the Chinese recently are very concrete, we can monitor them with some ease, and so far, we're seeing that they're in compliance.""
""Greer said China has gotten approximately "a third" of the way through its soybean purchase commitment for this growing season. Bloomberg previously reported that after a series of orders placed in late October - the first of this season - China's purchases of American soybeans appeared to have stalled. President Donald Trump and Chinese President Xi Jinping in late October agreed to extend a tariff truce, roll back export controls and reduce other trade barriers.""
China has complied with the terms of bilateral trade agreements and U.S. authorities continuously verify and monitor specific commitments to maintain a stable trade relationship. Recent agreements are concrete and monitorable, and current tracking shows compliance. China has completed roughly a third of its soybean purchase commitment for this growing season. After a series of late-October orders, China’s purchases of American soybeans later appeared to stall. Late-October negotiations extended a tariff truce, rolled back export controls and reduced other trade barriers, while some elements of the deal, such as soybean purchases, the TikTok sale and rare earth export licenses, remain in progress.
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