#USChinaTradeTalks

US-China trade, minerals talks in London set to extend to second day; Trump upbeat

June 9 U.S.-China trade talks were set to extend to a second day in London as top economic officials from the world's two largest economies sought to defuse a bitter dispute that has widened from tariffs to restrictions over rare earths, threatening a global supply chain shock and slower economic growth.

Talks at Lancaster House, an ornate UK government mansion, wrapped for the night on Monday and were set to resume at 10 a.m. BST (0900 GMT) on Tuesday, a U.S. source familiar with the negotiations said.

Washington and Beijing are trying to revive a temporary truce struck in Geneva that had briefly lowered trade tensions and calmed markets.

Since then, the U.S. has accused China of slow-walking its commitments, particularly around rare earths shipments.

U.S. President Donald Trump on Monday put a positive spin on the talks, saying that they were going well and he was "only getting good reports" from his team in London.