#USChinaTalks
The US and China have resumed trade talks in London, focusing on strengthening a temporary 90-day trade agreement. The discussions, held at Lancaster House near Buckingham Palace, aimed to ease tensions and address key issues such as:-
- *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 pushing for a stable supply of these critical materials.
- *Tariffs*: The two countries had agreed to a temporary suspension of tit-for-tat tariffs, which had climbed above 100% on several goods. The US is seeking to lower tariffs and loosen export restrictions.
- *Semiconductors and AI Technology*: Disputes over advanced semiconductors and AI technology have added to the trade tensions.
- *Restrictions on Chinese Students*: The US and China have also exchanged angry words over restrictions on Chinese students in US universities.
The talks involve top officials from both countries, including.
- *US Delegation*: Commerce Secretary Howard Lutnick, Treasury Secretary Scott Bessent, and Trade Representative Jamieson Greer.
- *Chinese Delegation*: Vice Premier He Lifeng and Commerce Minister Wang Wentao.
The UK government is providing the venue and logistics for the talks, emphasizing its neutrality in the dispute. The outcome of these talks could have significant implications for the global economy.
