#USChinaTradeTalks US and China to hold trade talks in London focusing on export controls

In the second round of trade talks today in London, the United States and China will focus on export controls regarding critical technologies and rare earths instead of tariffs.

The United States and China will hold second round of trade talks in London on Monday. The focus is going to be on export controls instead of tariffs.

In recent weeks, both the countries have sought to choke the other’s access to critical supply chain elements that they dominate. While the Donald Trump administration has sought to restrict China’s access to semiconductors, jet engines, and certain chemicals and machinery, China has restricted the supply of rare earths, which are critical to manufacture virtually everything from cars to fighter planes and electronic chips.