Trade discussions between the US and China resumed in London, focusing on issues surrounding technology and rare earth elements. After an initial six-hour meeting, both countries' officials expressed optimism about the talks, with President Trump indicating positive developments. However, the US remains frustrated with China's response regarding the release of vital rare earth minerals, critical to the agreed-upon trade pact from Geneva. As negotiations continue, both sides aim to ease economic tensions that have characterized their relationship in recent years.
The US and China are resuming trade discussions in London, focusing on technology and rare earth elements, aiming for breakthroughs to ease economic tensions.
President Trump commented on the first day of talks, stating: 'We are doing well with China. China’s not easy. I'm only getting good reports.'
Commerce Secretary Howard Lutnick described the discussions as fruitful, while Treasury Secretary Scott Bessent expressed optimism following their productive meetings.
Despite progress, US officials remain concerned about China's slow release of crucial rare earth minerals, which is essential following their initial trade pact in Geneva.
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