AsianFin -- Top trade negotiators from the U.S. and China are set to meet in London on Monday, raising cautious optimism that the two economic superpowers could ease mounting tensions over China’s dominance in rare earth minerals.
The renewed dialogue follows a breakdown in trust after both sides accused each other of backtracking on commitments made during May talks in Geneva aimed at cooling their ongoing trade dispute. Relations have further deteriorated since President Donald Trump’s return to the White House, fueling uncertainty for global businesses and investors.
On Saturday, China announced it had approved some rare-earth export applications, though it did not disclose which countries or industries would benefit. The statement came a day after Trump claimed that Chinese President Xi Jinping had agreed to resume exports of the critical materials and the magnets derived from them.
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