Trading Tides in London: The Ongoing China-USA Negotiations
Diplomatic dialogues persist between China and the United States in London. - Ongoing Dialogue between China and U.S. in London, as Performed by State Media
Let's dive into the latest goss from the world trade scene, shall we? China and the USA are locked in talks today in London's heart to iron out their trade feud, as per official Chinese state media. No specific meeting time has been announced, but US officials hint at a morning meeting, London time.
Monday afternoon saw representatives from the globe's two economic giants squaring off in the British capital's Lancaster House. The star-studded lineup included US Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick, Chinese Vice Premier He Lifeng, and Commerce Minister Wang Wentao.
The Main Event: Export Controls
So far, no interim results from the talks have been shared. Economic advisor to US President Donnyboy Trump, Kevin Hassett, told CNBC to expect a quickie meet with a solid handshake. Trump himself claimed victory in Washington, stating the USA was on a roll with China: "I'm only hearin' good news, mate."
Rewind about a month, both sides agreed to a 90-day truce in their trade war and a substantial reduction in tariffs on goods from each other's country. However, this time around, trade restrictions appear to be the main bone of contention.
China's export controls on precious rare earth metals have US officials sweatin' bullets. The White House wants those controls eased. In return, they're wheelin' and dealin' to ease restrictions on sectors like computer chips and aircraft components, where China's heavily reliant on foreign tech.
- China
- USA
- London
- World Trade
- Trade Talks
- Beijing
- Donald Trump
- Washington
- Lancaster
- The ongoing trade talks between China and the USA, currently in progress in London, are centered around export controls, with China's restrictions on rare earth metals being a major point of concern for the USA.
- As the trade talks in London unfold, officials from both the USA and China, including Treasury Secretary Scott Bessent and Vice Premier He Lifeng, are actively striving to reach a resolution on these export control issues, with hope for a positive outcome, according to economic advisor Kevin Hassett.
