#USChinaTradeTalks The often turbulent trade talks between the U.S. and China seek to resolve a dispute over tariffs and trade practices. Recently, following a "very positive" call between Presidents Trump and Xi, it was agreed to resume negotiations in London.
An agreement in May temporarily reduced tariffs, with the U.S. lowering to 30% and China to 10%, and setting a 90-day deadline. However, both sides accused each other of violating the pact, particularly regarding China's exports of critical minerals and U.S. restrictions on chips and visas.
These talks are crucial for global economic stability, as uncertainty affects markets and supply chains. The goal is a long-term solution that addresses U.S. complaints about trade imbalances and market access, while China seeks to maintain its technological advancement.