#USChinaTradeTalks The US and China are holding crucial trade talks in London today, focusing on export controls rather than tariffs. The discussions aim to ease tensions between the two nations, particularly regarding China's restriction on rare earth supplies, which are vital for manufacturing various products, including electronics and electric vehicles.

*Key Points of Contention:*

- *Rare Earths*: China has restricted the supply of rare earths, crucial for industries like automobiles and electronics. The US is pressing for China to relax these curbs.

- *Advanced Technology*: The US has tightened export controls on semiconductors, jet engines, and certain chemicals and machinery. China wants these restrictions lifted.

- *Tariffs*: Although not the primary focus, tariffs remain a significant issue. The US has imposed tariffs on Chinese imports, and China has retaliated with levies on US goods.¹ ²

*Talks' Objective:*