Top American and Chinese officials met for a trade talks between two superpowers in London on Monday for a trade talks.
Beijing has sent Vice Premier for talks for talks, while Washington is being represented by Treasury Secretary Scott Besant, Commerce Secretary Howard Lutnik and business representative Jamisson Greer at Lancaster House.
Issues for discussion are likely to include US restrictions on the sale of high -tech products for China, and China’s ban on export of rare earth minerals, where it dominates the global market.
US President Donald Trump and Chinese President Xi Jinping agreed to a meeting in a phone call on Thursday. This is the first time the two countries since May
A spokesperson of the British government only confirmed that the meeting would be held in the UK and the country welcomes the dialogue. “
American officials wish to compromise ‘Handshek’
According to Trump, the talks will focus on the details of the May Trade Agreement. White House Press Secretary Karolin Lewitt called China to maintain its side of the agreement to pave the way for a more comprehensive deal.
The National Economic Council Director Haset told CNBC in an interview, “Today the meeting is to ensure that they are serious, but literally to receive a handshake,” Haset, director of the National Economic Council, told CNBC in an interview.
Hey is hopeful that immediately after the handshake, export control will be reduced and the rare earth released in the volume.
After a phone call between the two presidents last week, China has asked the US to stick to the agreement, avoiding criticism.
The talks, which could have run on Tuesday, could come at an important time for both economies, with investors from Trump’s cascade that their return to the White House was ordered in January.
Edited by: ZAC Crellin
