Overview
- China’s Vice Premier He Lifeng held a video call with U.S. Treasury Secretary Scott Bessent and U.S. Trade Representative Jamieson Greer on July 30, and both sides called the discussion candid and substantive.
- China formally raised “serious concern” about recent U.S. trade actions, citing new tariffs and bans on items such as robots and power inverters.
- U.S. officials pressed Beijing to fully meet prior commitments on rare earth supplies and roughly $17 billion in U.S. agricultural purchases.
- Both sides agreed to use the U.S.-China Board of Trade and the Trade and Investment Boards to manage disputes and push for concrete implementation.
- The talks build on the May summit between President Trump and Xi and now test whether institutional channels can prevent trade measures from disrupting global supply chains and U.S. farmers’ sales.