U.S.-China Tariff Negotiations in London
The U.S. and China are holding tariff negotiations at Lancaster House in London to prevent a deepening trade war. Talks have continued into a second day, with both sides focusing on rare earth minerals and high-end technology. There are tensions over China's export controls on rare earths and the U.S. imposing new export controls on semiconductor chip technology. Progress on these issues is uncertain, with both sides unlikely to offer further tariff reductions.
Key Points
- Focus on rare earth minerals and high-end technology
- Tensions over export controls on rare earths and semiconductor chip technology
- Uncertain progress in negotiations
Pros
- Efforts to prevent a deepening trade war between the U.S. and China
Cons
- Tensions over rare earth minerals and high-end technology
- Uncertain progress due to export control issues