U.S. Trade Official States China is Adhering to Agreement Obligations
U.S.-China Trade Compliance: U.S. Trade Representative Jamieson Greer stated that China is currently meeting its obligations under recent trade agreements, with specific commitments being monitored closely.
Soybean Purchases and Market Impact: China has fulfilled about a third of its soybean purchase commitments for the current season, although buying activity has slowed. U.S. Treasury Secretary Scott Bessent noted that soybean prices have increased by 12% to 15% since the trade agreement.
Ongoing Trade Discussions: Trade talks between the U.S. and China have resumed momentum, with both sides agreeing to maintain stable relations and address trade concerns, although some issues remain unresolved.
National Security and Technology Exports: Greer emphasized the need for caution regarding the export of advanced semiconductor technology to China, prioritizing national security over economic interests.
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