U.S. trade chief says China has complied with terms of trade deals

“For China, we’re always checking and monitoring and monitoring the commitments. The commitments are very specific,” Greer told Fox News on Sunday. Sunday briefing. “So all of these things that we agreed to with the Chinese recently are very concrete things that we can monitor with some ease, and so far, we see that they are committed to them.”

China has cut nearly a “third” through its soybean purchasing commitment for this growing season, Greer said.

Bloomberg previously reported that after a series of orders placed in late October — the first of this season — China’s purchases of U.S. soybeans appear to have stalled.

president Donald Trump and Chinese President Xi Jinping agreed in late October to extend the tariff truce, eliminate export controls and reduce other trade barriers. But some elements of the deal — including the purchase of soybeans, the sale of the social media app TikTok, and increased export licenses for important rare earth elements from China — are still in the works.

US Treasury Secretary Scott Besent and Greer held a video call with Chinese Vice Premier He Lifeng on Friday, according to China’s state-run Xinhua news agency, where the officials had an “in-depth and constructive” discussion in which they pledged to maintain stable relations and address “relevant concerns” about trade and the economy, the agency said.

Read more: Top US and China officials pledge to cooperate on trade deal

On Sunday, Bessent told CBS News Facing the nation China will not accelerate purchases, but they are still expected to take place this crop season, and said soybean prices have risen 12% to 15% since the agreement with China. He also said he abandoned a soybean farm in compliance with an ethics agreement.

The Trump administration is expected to release its long-awaited farm aid plan this week, US Agriculture Secretary Brock Rollins said at a Cabinet meeting last Tuesday.

Asked whether chip makers like Nvidia should give China advanced chips or if doing so would pose a security risk to the United States, Greer expressed the United States’ need to be cautious.

“My own view is that we need to be very careful about this,” Greer told Fox News. “We want companies’ bottom lines to do well, but as policymakers, we need to make sure we put national security first and foremost, which is why I’ve heard President Trump talk about the types of chips that might be restricted, and there’s always an open debate about where that threshold lies, and it changes over time.”