US, China begin second day of trade talks in London
Top economic officials from the United States and China began their second day of trade talks in London on Tuesday.
The discussion is expected to focus on China's restrictions on rare earth exports and US restrictions on semiconductor-related shipments.
Participants in the talks include Treasury Secretary Scott Bessent and Commerce Secretary Howard Lutnick from the US, and Vice Premier He Lifeng and Commerce Minister Wang Wentao from China.
In May, the two countries reached a deal that includes suspending for 90 days some of the additional tariffs imposed on each other's products, allowing them to continue with negotiations.
The US side has accused China of delaying exports of rare earth metals after the agreement and urged the country to stop the export restrictions.
The Chinese side is believed to be calling on the US to scrap restrictions on semiconductor-related exports.
The talks are expected to focus on each other's export restrictions, as Lutnick and Wang, who are in charge of export control in their countries, are attending.
US media outlet Bloomberg reported on Tuesday that the US signaled a willingness to remove restrictions on some tech exports in exchange for assurances that China would ease limits on rare earth shipments.
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