Update on US-China trade talks:

Commerce Secretary Howard Lutnick just stated that trade discussions with China were progressing positively as both sides continued their second day of talks in London. The goal is to resolve disputes over export controls, which risk escalating tensions between the two superpowers. Following initial talks in Geneva in May, where they avoided a full trade embargo, the focus now is on reaching an agreement after mutual accusations of disrupting supply chains through restrictive export measures.