#USChinaTradeTalks

The US-China trade talks are happening today in London, focusing on export controls rather than tariffs. The talks aim to address issues related to critical technologies and rare earths, which are essential for manufacturing various products, including electronics, cars, and fighter planes.

*Key Discussion Points:*

- *Export Controls*: The US and China will discuss export controls on critical technologies, including semiconductors, jet engines, and rare earths.

- *Rare Earths*: China has restricted the supply of rare earths, which has impacted manufacturing in the US and other countries, including India.

- *Tariffs*: Although tariffs won't be the primary focus, both countries have accused each other of violating the trade truce reached last month.

*Delegations:*

- *US Delegation*: Led by Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick, and US Trade Representative Jamieson Greer.

- *Chinese Delegation*: Led by Vice Premier He Lifeng.

*Background:*

A preliminary agreement was reached in Geneva last month, where both countries agreed to reduce tariffs by 115% for 90 days. However, the US tightened export controls on semiconductors, and China responded by restricting rare earths supplies. The talks in London aim to resolve these issues and potentially pave the way for more comprehensive trade discussions.¹ ²