President Trump has initiated a new round of trade negotiations with China, aiming to address simmering tensions over tariffs. This follows a recent phone conversation with Xi Jinping that reportedly helped in calming disputes. The upcoming meeting in London aims to continue discussions after previous tariffs were temporarily reduced. However, accusations against China for undermining trade agreements and concerns over rare earth mineral exports persist, posing challenges for US firms and complicating future negotiations.
Despite ongoing tensions, President Trump expressed optimism about the upcoming trade talks with China. He mentioned that the meeting should go very well, highlighting a positive outlook.
Following a recent leader-to-leader call between Trump and Xi, both sides expressed a willingness to negotiate again, minimizing tensions around tariffs and trade.
Despite a temporary reduction in tariffs, Trump accused China of violating the trade agreement, opening the door to renewed tensions in their negotiations.
US officials have raised alarms over China's export approvals of rare earth minerals since the trade war began, highlighting significant concerns for US companies.
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