Trade talks between the US and China are ongoing for a second day in London, aimed at reducing tensions over technology and rare earth materials.
First Day of Talks
Representatives from the US and China concluded their first meeting, lasting over six hours, at Lancaster House in London. The meeting ended around 8 PM, and the sides will meet again at 5 PM on Tuesday.
Terms and Expectations from the Talks
The US has indicated a willingness to lift some export restrictions in exchange for China easing restrictions on rare earth shipments. These elements are crucial for various technologies, including smartphones and military products. The discussions come amidst recent measures implemented by the Trump administration.
Reactions from Both Sides on Meeting Outcomes
US Treasury Secretary Scott Bessent reported that the meeting went well, while Commerce Secretary Howard Lutnick described the talks as productive. The Chinese delegation was led by Deputy Prime Minister He Lifeng, who did not make any statements to the press after the meeting.
The continuation of US-China trade talks could lead to a reduction in tensions and improvement in trade conditions. Further discussions are expected to help both sides find common ground.
