US-China trade talks in London enter their second day
The trade dispute between the U.S. and China continues as the two countries engage in talks in London. President Donald Trump expressed optimism about the negotiations, stating that while China is “not easy,” the U.S. is “doing well” in the discussions.
The Chinese delegation, led by Vice Premier He Lifeng, met with U.S. officials including Commerce Secretary Howard Lutnick, Treasury Secretary Scott Bessent, and Trade Representative Jamieson Greer at Lancaster House. The talks aim to ease tensions and find a resolution to the trade dispute that has seen both countries impose tariffs on each other.
China’s commerce minister, Wang Wentao, and trade negotiator Li Chenggang are also part of the delegation from Beijing. The negotiations follow a 90-day suspension of tariffs agreed upon in Geneva last month, which had raised concerns about a potential recession.
Recent disagreements between the U.S. and China include issues related to advanced semiconductors, visas for Chinese students studying in the U.S., and access to rare earth minerals. President Trump has been actively involved in the talks, speaking with Chinese leader Xi Jinping to try and improve relations between the two countries.
China, a major producer of rare earths, may consider easing export restrictions on these elements, while also pushing for the U.S. to lift restrictions on Chinese access to semiconductor technology. Trump has emphasized the importance of opening up China to U.S. products, stating that failure to do so may hinder progress in the negotiations.
Overall, the discussions in London are crucial for both countries as they seek to find common ground and resolve their trade dispute. The outcome of these talks could have significant implications for the global economy.
