U.S.-China Trade Talks Continue in London
By Jill Lawless, Associated Press
LONDON (AP) — A second day of talks commenced Tuesday in London between U.S. and Chinese officials as both nations work to alleviate ongoing trade tensions. President Donald Trump expressed optimism about the negotiations, stating that while China is “not easy,” the U.S. is progressing well.
The Chinese delegation, headed by Vice Premier He Lifeng, engaged U.S. officials, including Commerce Secretary Howard Lutnick and Treasury Secretary Scott Bessent, during lengthy discussions at the historic Lancaster House near Buckingham Palace. China’s Commerce Minister Wang Wentao and trade negotiator Li Chenggang also participated in the talks.
Arriving Tuesday, Lutnick reported that discussions were “going well” and anticipated they would extend throughout the day. Trump echoed this sentiment, indicating that while challenges exist, the U.S. is on the right track in its dealings with China.
These discussions build on recent negotiations in Geneva, which led to a 90-day pause on most of the steep tariffs both countries have imposed amid their escalating trade war, raising recession concerns.
Since the Geneva talks, rhetoric has escalated between the two nations, particularly concerning advanced semiconductors crucial for AI, U.S. visa regulations for Chinese students, and rare earth minerals critical for various industries. In a phone conversation with Chinese President Xi Jinping last Thursday, Trump aimed to realign relations, which prompted the resumption of discussions in London.
China, the leading global supplier of rare earths, may relax its export restrictions placed on these materials, a move that has concerned automotive manufacturers. Meanwhile, Beijing seeks the removal of U.S. restrictions on technology access necessary for semiconductor production.
Trump emphasized the importance of opening up China to U.S. products, stating, “If we don’t open up China, maybe we won’t do anything.”
This ongoing dialogue represents a crucial step in addressing a complex and contentious economic relationship.
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