U.S.–China trade talks resume in London
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The U.S. and China resume trade talks today in London, aiming to ease tensions over rare earth minerals and advanced technologies.The meeting follows a recent phone call between Presidents Trump and Xi Jinping, after mutual accusations of backtracking on the May agreement reached in Geneva.
Early signs of a thaw are emerging: Trump expressed optimism, and Beijing announced approvals for some rare earth exports, though without details. “We want rare earths to flow freely again, as they did before April,” said Kevin Hassett, head of the White House National Economic Council.
The U.S. delegation includes Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick, and Trade Representative Jamieson Greer. Meanwhile, UK Finance Minister Rachel Reeves is set to meet Chinese Vice Premier He Lifeng during his visit to Britain this week.
The news lifted sentiment in Asian markets: Tokyo’s Nikkei rose, also helped by an upward revision to Q1 GDP, while Chinese stocks remained cautious amid ongoing inflation concerns.
Early signs of a thaw are emerging: Trump expressed optimism, and Beijing announced approvals for some rare earth exports, though without details. “We want rare earths to flow freely again, as they did before April,” said Kevin Hassett, head of the White House National Economic Council.
The U.S. delegation includes Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick, and Trade Representative Jamieson Greer. Meanwhile, UK Finance Minister Rachel Reeves is set to meet Chinese Vice Premier He Lifeng during his visit to Britain this week.
The news lifted sentiment in Asian markets: Tokyo’s Nikkei rose, also helped by an upward revision to Q1 GDP, while Chinese stocks remained cautious amid ongoing inflation concerns.