#USChinaTradeTalks #USChinaTradeTalks The US and China are holding crucial trade talks in London today, focusing on export controls rather than tariffs. Here's what's at stake :
Key Discussion Points:
Export Controls: The US is pushing China to relax its curbs on rare earth exports, crucial for manufacturing electronics, electric vehicles, and military systems.
Rare Earths : China has restricted rare earth supplies, affecting US manufacturing, while the US has tightened export controls on semiconductors, jet engines, and AI chips.
Background:
The two countries had agreed to reduce tariffs by 115% for 90 days in May to facilitate talks, but both sides have accused each other of violating the truce.
The US wants China to resume rare earth shipments, while China seeks removal of US curbs on access to critical technologies.