#USChinaTradeTalks US-China trade talks are ongoing in London, with key issues on the table including ¹:

- *Rare Earth Elements*: China’s April decision to license exports of seven rare earth elements has sparked concerns among European and American manufacturers due to dwindling global stockpiles. The US is seeking assurances that China will ease limits on rare earth shipments.

- *Tariffs*: The two countries are discussing removing or reducing tariffs, with the US indicating a willingness to remove restrictions on some tech exports in exchange for China's cooperation.

- *Semiconductors and AI Technology*: The US and China are also negotiating over disputes related to semiconductors and AI technology.

- *Restrictions on Chinese Students*: The US is pushing China to ease restrictions on Chinese students in US universities.

The talks, which entered their second day, aim to strengthen a temporary 90-day trade agreement and ease tensions between the world's two largest economies. A potential trade agreement could boost global demand for fuel and lift oil prices, with Brent crude rising to $67.16 a barrel and West Texas Intermediate climbing to $65.42. The outcome of these talks is being closely watched, as it may impact the global economic outlook and investor sentiment