#USChinaTradeTalks

US-China trade talks are happening today in London, focusing on export controls rather than tariffs. The talks aim to ease tensions between the two countries, particularly regarding China's control over rare earth minerals, which are crucial for various industries, including technology and manufacturing.

*Key Discussion Points:*

- *Export Controls*: The US is pushing for China to relax its curbs on rare earth exports, while China wants the US to remove restrictions on China's access to advanced technologies like semiconductors and AI chips.

- *Rare Earth Minerals*: China has restricted supplies of these critical minerals, affecting US manufacturing, including electric vehicles and defense systems. The US is seeking a stable supply chain.

- *Tariffs*: Although not the primary focus, tariffs remain a contentious issue. The US and China agreed to a 90-day truce in May, reducing tariffs by 115% for 90 days, but tensions have continued.¹ ²

*Potential Outcomes:*

- A possible agreement could lead to reduced tariffs and increased cooperation