Trump Says China ‘Not Easy’ as Trade Talks to Resume Tuesday

Key Points

  • US-China Trade Talks Progress: Trade negotiations between the US and China continued for a second day in London, focusing on easing tensions over technology and rare earth shipments after a productive first day of over six hours.**
  • Key Delegates Involved: The US delegation was led by Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick, and US Trade Representative Jamieson Greer, while China was represented by Vice Premier He Lifeng and Commerce Minister Wang Wentao.**
  • Potential Concessions: The US signaled willingness to lift some tech export restrictions in exchange for China easing limits on rare earth shipments, critical for energy, defense, and tech products, though high-end Nvidia AI chips remain restricted.**
  • Mixed Signals on Outcomes: While US officials expressed optimism, with comments like “fruitful” discussions, President Trump remained noncommittal on lifting export curbs, and Chinese state media emphasized a principled stance.**

Summary

Trade talks between the US and China resumed in London, marking a second day of negotiations aimed at reducing tensions over technology and rare earth shipments. The discussions, held at Lancaster House, followed a six-hour session on the first day and involve key figures like US Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng. The US hinted at easing some tech export controls in exchange for China relaxing restrictions on rare earths, vital for industries like defense and energy, though advanced Nvidia AI chips remain off the table. While US officials described the talks as “fruitful,” President Trump was noncommittal, and Chinese state media stressed a firm stance. These negotiations, the first since a Geneva truce, seek to address a persistent trade imbalance amid economic strain on both sides, evidenced by declining Chinese exports to the US and a drop in US imports. Despite a recent positive phone call between Trump and Xi Jinping, trade tensions persist following tariff hikes and retaliatory measures earlier this year, impacting businesses and economies. Optimism from US officials and rising Asian shares reflect cautious hope, though challenges remain in restoring confidence and fulfilling prior commitments.

yahoo
June 10, 2025
Stocks
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