US Trade Representative Jamieson Greer said China is currently obeying the terms of its trade agreements with the United States. Still, he made it clear that the US is not relaxing its oversight. Instead, American authorities continue to monitor Beijing’s actions closely to make sure every promise is honoured.
Both countries are trying to keep their trade relationship steady. However, Washington remains cautious as it watches how China follows through on its commitments.
“With China, it’s always we verify, and we monitor, and we watch the commitments. The commitments are quite specific,” Greer told Fox News on Sunday. “So all of these things that we have agreed to with the Chinese recently are very concrete, we can monitor them with some ease, and so far, we are seeing that they are in compliance," he furthered.
Soybean Deal Shows Progress, But Questions Remain
Greer revealed that China has completed nearly “a third” of its promise to buy American soybeans for the current growing season. This indicates that the agreement is moving forward, though not fully completed yet.
At the same time, a Bloomberg report suggested that China’s soybean purchases appeared to slow down after placing several orders in October. This pause has raised doubts about whether the buying speed will pick up again in the coming months.
Trump and Xi Work to Keep Trade Calm
In late October, US President Donald Trump met with Chinese President Xi Jinping. During this meeting, both sides agreed to continue a tariff truce and ease some trade tensions. They also discussed rolling back export controls and reducing other barriers that affect business between the two nations.
Even so, several key issues are still unresolved. These include larger soybean purchases, the future of the social media platform TikTok, and expanded licences for Chinese rare earth exports.
Senior Officials Hold Key Negotiations
On Friday, Greer and US Treasury Secretary Scott Bessent held a video call with Chinese Vice-Premier He Lifeng. The discussion was described as “in-depth and constructive” by China’s state media, Xinhua.
Both sides promised to maintain stable ties and address “respective concerns” related to trade and the overall health of their economies.
On Sunday, Bessent told CBS News that China will not rush its soybean purchases. However, he said the buying is still expected to happen during this crop season. He also shared that soybean prices have already increased by 12 to 15 per cent since the agreement was announced. In addition, he confirmed that he sold his share in a soybean farm in order to follow an ethics agreement.
Farm Aid Announcement Expected Soon
The Trump administration is set to announce its long-awaited farm aid plan this week. US Agriculture Secretary Brooke Rollins confirmed this during a Cabinet meeting held last Tuesday.
This announcement is expected to bring relief to American farmers who have faced uncertainty because of fluctuating trade conditions and global tensions.
Greer Warns Against Risk With Advanced Chips
When asked whether US chipmakers such as Nvidia should supply advanced chips to China, Greer said the country must act carefully. He stressed that security should always come before business profit.
“My own view is we need to be very cautious about this,” Trump’s trade representative told Fox News.
“We want companies’ bottom lines to do well, but as policymakers, we need to make sure that national security is placed first and foremost, and that’s why you have heard President Trump talk about the types of chips that maybe would be restricted and there’s always an open discussion on where that threshold lies, and it changes over time," he added.
