
CHINA and the United States moved into a second day of talks today in London aimed at easing their trade dispute.
A Chinese delegation led by Vice-Premier He Lifeng met US Commerce Secretary Howard Lutnick, Treasury Secretary Scott Bessent and trade representative Jamieson Greer for several hours on Monday at Lancaster House in central London.
Wang Wentao, China’s commerce minister, and trade negotiator Li Chenggang are also in Beijing’s delegation.
Asked late on Monday how the negotiations were going, President Donald Trump told reporters: “We are doing well with China. China’s not easy.”
The two sides are trying to build on negotiations in Geneva last month that agreed to a 90-day suspension of most of the 100 per cent-plus tariffs they had imposed on each other in an escalating trade war that sparked fears of recession.
Since the Geneva talks, the US and China have exchanged angry words over advanced semiconductors that power artificial intelligence, visas for Chinese students at US universities and rare earth minerals vital to carmakers and other industries.
China, the world’s biggest producer of rare earths, has signalled it may ease export restrictions it placed on the elements in April.
Beijing, in turn, wants the US to lift restrictions on Chinese access to the technology used to make advanced semiconductors.