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China Promised to Buy More U.S. Farm Goods. It Hasn’t Happened.

Soybeans are the notable exception, revealing Beijing’s selective approach to fulfilling trade commitments ahead of the summit between President Trump and Xi Jinping.

Β© KC McGinnis for The New York Times

In May, China agreed to buy at least $17 billion in U.S. farm goods a year through 2028. China had already vowed separately to step up purchases of American soybeans.

Trump and Xi Meet Amid an Uneasy U.S.-China Trade Truce

Beyond warm meetings between their leaders, the countries are engaging in tit-for-tat measures that call into question the stability of their arrangement.

Β© Haiyun Jiang/The New York Times

President Trump and Xi Jinping, the leader of China, met last year in Busan, South Korea.

U.S. and China Discuss System to Warn of A.I. National Security Issues

In a meeting on Sunday, the U.S. Treasury secretary and China’s vice premier talked about having a shared vision on the goals of artificial intelligence and the threats it poses.

Β© Kena Betancur/Agence France-Presse β€” Getty Images

Treasury Secretary Scott Bessent said on Sunday that the alert system would be activated when a matter related to artificial intelligence reaches the national security level.

India Is Again Squeezed Between the Threat of Trump Tariffs and Russian Oil

India is trying to secure affordable energy while preserving a crucial relationship with Washington, a balancing act made harder by turmoil in global energy markets.

Β© Bhawika Chhabra/Reuters

People line up to fill their vehicles with petrol at a fuel station in New Delhi last month.

Japan Raises Interest Rates to 31-Year High Under U.S. Pressure

The Bank of Japan’s widely expected move followed an unusual campaign by Treasury Secretary Scott Bessent for higher rates.

Β© Kazuhiro Nogi/Agence France-Presse β€” Getty Images

The Bank of Japan governor, Kazuo Ueda, indicated that underlying inflation was approaching the central bank’s 2 percent target after months of steady signals.
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