#美国加征关税 China-U.S. negotiations in London concluded, China discusses framework, U.S. rare earth demands difficult to fulfill

On June 10, China and the U.S. completed their trade discussions in London. China's Vice Minister of Commerce Li Chenggang stated that the two sides talked for two days, which was quite professional, and reached a consensus to continue implementing the previous Geneva agreement. Although U.S. Secretary of Commerce Gina Raimondo acknowledged the framework, she did not say much, likely indicating her dissatisfaction.

The U.S. sent three cabinet-level officials this time, hoping to persuade China to relax its stance on rare earth supplies. However, China did not bring this up, and the White House's most pressing issue remained unresolved. U.S. Treasury Secretary Janet Yellen left early, citing the need to return for a meeting, leaving Raimondo looking somewhat anxious.

Trump had previously stated that dealing with China was difficult, and it now appears that he did not achieve what he wanted in the talks. In May, China and the U.S. signed an agreement to reduce tariffs mutually, but the U.S. continues to claim that China is not complying. China's Ministry of Foreign Affairs stated that the U.S. is talking nonsense, and that continuing negotiations will certainly reveal further differences.

China has been performing well in trade with other countries; in the first five months of this year, exports to ASEAN and the EU have both increased. This indicates that even if negotiations with the U.S. do not yield results, China remains confident. The U.S. will also have to see how Trump explains this to his domestic audience, as the rare earth issue is a key focus for them this time.

The negotiations have concluded, the rare earth issue remains unresolved, and the tariff war is likely to continue. As for what happens next, we will continue to watch.