Latest news with #rareEarth
NHK
7 hours ago
- Business
- NHK
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.
Bloomberg
19 hours ago
- Business
- Bloomberg
Bloomberg Businessweek Daily: US-China Talk Minerals
Trade talks between the US and China will continue into a second day, according to a US official, as the two sides look to ease tensions over shipments of technology and rare earth elements. Representatives for both nations ended their first day of negotiations in London after more than six hours at Lancaster House, a 19th century mansion near Buckingham Palace. The talks concluded around 8 p.m. London time and will resume Tuesday in the British capital, the official said. 'We are doing well with China. China's not easy,' Trump told reporters at the White House on Monday. 'I'm only getting good reports.' Gracelin Baskaran, Director of the Critical Minerals Security Program at the Center for Strategic and International Studies discusses the importance of rare earth materials to American defense and economic initiatives.
NHK
19 hours ago
- Business
- NHK
US and China hold trade talks in London
US and Chinese officials held trade talks in London on Monday. Beijing's restrictions on rare earth exports are believed to have topped the agenda. The US sent Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick, and Trade Representative Jamieson Greer. China dispatched Vice Premier He Lifeng, who heads up economic policy, and Commerce Minister Wang Wentao. Their discussions are expected to continue into Tuesday. The talks come after US President Donald Trump spoke with his Chinese counterpart Xi Jinping on the phone last week. The two leaders agreed to have their negotiators continue to hammer out a deal reached in Geneva last month. That agreement included cutting some tariffs on each other's products for 90 days. But Washington has accused Beijing of holding up exports of rare earth minerals and other products.
Bloomberg
a day ago
- Business
- Bloomberg
US, China Hold Trade Talks in London to Address Export Curbs
Trade talks between the US and China stretched on in London, with the US signaling a willingness to remove restrictions on some tech exports in exchange for assurances that China is easing limits on rare earth shipments. The meeting, which began Monday just after 1 p.m. local time, extended into the UK evening and may restart Tuesday if necessary. Bags of food from the upscale eatery Ottolenghi were brought into the building where negotiators were holding discussions.
Bloomberg
a day ago
- Business
- Bloomberg
US to Focus on Easing Export Controls From China
Treasury Secretary Scott Bessent and Commerce Secretary Howard Lutnick are leading a US delegation in trade talks with China in London. The US has signaled it's willing to remove export restrictions in exchange for China easing limits on rare earth shipments. Bloomberg's Annmarie Hordern is in London with the latest. (Source: Bloomberg)
