#USChinaTradeTalks ๐ฅ A new escalation threatens the fragile trade truce between the world's two largest economies! Will the truce collapse or be reborn?
The 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, threatening the fragile truce related to tariffs.
The two sides had agreed in Geneva last month to a 90-day suspension of most tariffs exceeding 100% that each imposed on the other, amid an escalating trade war that raised fears of an economic recession.
Since then, the United States and China have exchanged angry statements regarding advanced semiconductors used in powering artificial intelligence technologies, rare minerals essential for automotive and other industries, as well as visa issues for Chinese students in American universities.
Last Thursday, U.S. President Donald Trump spoke extensively with Chinese leader Xi Jinping over the phone in an attempt to get relations back on track. The next day, Trump announced via social media that trade talks would be held on Monday in London.