Trade talks between the US and China in London extended into a second night, focusing on technical details and key issues such as rare earth elements and trade restrictions on high-tech microchips.
Key Points
Discussions aim to revive a deal on rare earth elements
China seeks removal of trade restrictions on high-tech microchips
Focus on detailed technical aspects of the trade deal
Pros
Negotiations are ongoing, indicating a commitment to resolving trade issues
Focus on technical details suggests a deep dive into critical aspects of the trade deal
Cons
Uncertainty over Treasury Secretary Scott Bessent's return to Washington for a hearing
Delays in implementing agreements could disrupt domestic production lines