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New Disputes Emerge Ahead of US-China Trade Talks in London
LONDON, UNITED KINGDOM, JUN 11 – US and China aim to ease export controls on rare earth minerals critical to electric vehicles and aerospace amid a 34.5% drop in Chinese exports to the US in May, officials said.
- On Monday in London, a U.S. delegation headed by Treasury Secretary Scott Bessent met with Chinese Vice Premier He Lifeng for high-level discussions on trade.
- These talks follow a recent phone call between Presidents Trump and Xi and build on a Geneva agreement that reduced tariffs for 90 days.
- The discussions occur amid ongoing trade tensions marked by tit-for-tat tariffs reaching 145% by the U.S. and 125% by China, while export data shows declines.
- Mr. Trump characterized the negotiations as "very far advanced," while White House spokeswoman Karoline Leavitt emphasized a desire for both the U.S. and China to keep progressing with the agreement reached in Geneva.
- These negotiations aim to ease economic damage from the trade war and are closely watched by global investors amid deflation concerns and a fragile trade truce.
263 Articles
263 Articles
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