#USChinaTradeTalks

China-US trade talks are set to resume in London amid ongoing tensions between the two economic superpowers. The discussions aim to resolve differences over tariffs and supply chains, particularly regarding rare earth minerals and magnets. China's dominance in rare earth production, accounting for 70% of global output, has become a significant point of contention. Recent data shows China's rare earth exports rose 23% in May, despite ongoing trade tensions. The US is pushing for greater access to China's market, while China wants the US to reduce tariffs imposed on Chinese goods. A breakthrough in these talks could ease tensions and boost global markets.