#USChinaTradeTalks

Peace be upon you, Binance community..

You could say that the trade talks between America and China in London are keeping the whole market on its toes. The discussions are not just about the old tariffs that have been temporarily reduced, but also more strategic determinants like controlling exports of electronic chips versus facilitating access to rare earth metals essential for manufacturing cars and technology. The second day continues, and officials from both sides have confirmed that meetings are regular and there is optimism about mid-term outcomes. The Asian market has risen, as there is hope that the agreement will calm the trade war, especially if the preliminary agreement on tariffs and export controls is implemented. We need to keep an eye on the next couple of days, as it could be a gateway to a broader agreement.