Trade Talks: The Latest Clash Between China and USA in London
U.S. and China dialogue persists in London, as reported by state media. - Continuous Dialogue Between China and U.S. in Progress in London (According to State Media)
Looks like the trade war between China and the USA is far from over, as representatives from both nations are currently locked in conversations in London. The exact time of these discussions isn't clear just yet, but insider reports suggest a morning meeting in London time is on the cards.
These high-powered negotiators gathered at Lancaster House, the British capital, on Monday afternoon. The roster included US Treasury Secretary Scott Bessent, Trade Secretary Howard Lutnick, Chinese Vice-Premier He Lifeng, and Trade Minister Wang Wentao.
At the heart of their differences seems to be the export controls debate. As it stands, China imposes restrictions on rare earths exports, a matter of concern for the USA and other countries. The USA is pushing for a relaxation of these controls, offering possible easing of trade restrictions in areas such as computer chips or aircraft components where China heavily relies on foreign tech.
But don't pop the champagne yet! No official interim results have been announced. Donald Trump's economic advisor, Kevin Hassett, went on the record with CNBC, stating he expects a short meeting with a firm handshake. Trump himself was optimistic, saying, "We're doing well with China."
Following a truce in the tariff war and a reduction in tariffs on goods in a previous meeting in Geneva, both parties seemed to be on a positive trajectory. However, tariff restrictions have proven to be a significant stumbling block this time around.
Here's a quick look at the players involved:
- China
- USA
- London
- Global Trade
- Trade Dispute
- Beijing
- Donald Trump
- Washington
- Lancaster
- Despite the seeming progress in the trade talks between China and the USA in London, the export controls issue remains unresolved, with China imposing restrictions on rare earths exports and the USA pushing for a relaxation.
- The finance and general-news sector has been abuzz with the latest developments in the trade talks, where representatives from EC countries, such as the USA and China, are working to shape their cooperation policy in the realm of finance and trade, with the outcome of these talks having far-reaching implications for global politics.
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