#USChinaTradeTalks
A new escalation threatens the fragile trade truce between the two strongest economies in the world! Will the truce collapse or be reborn?
Trade talks between the United States and China in London this week are expected to address a series of new disputes that have shaken relations between the two countries, jeopardizing the fragile truce regarding tariffs.
The two sides had agreed in Geneva last month to a 90-day suspension of most tariffs exceeding 100% that each side imposed on the other, as part of an escalating trade war that raised fears of an economic downturn.
Since then, the United States and China have exchanged angry statements concerning advanced semiconductors used in operating artificial intelligence technologies, rare metals essential for automotive manufacturing and other industries, as well as visas for Chinese students at American universities.
Last Thursday, U.S. President Donald Trump spoke at length with Chinese leader Xi Jinping over the phone in an attempt to get relations back on track. The following day, Trump announced via social media that trade talks would be held on Monday in London.#USChinaTradeTalks