AsianFin -- Top U.S. and Chinese officials are set to continue trade negotiations in London on Tuesday, aiming to break a deadlock over export controls on key goods such as rare earths—materials critical to global industries and economic stability.
The talks follow a preliminary deal struck in Geneva last month, which briefly lifted investor sentiment before tensions reignited over Washington’s accusations that Beijing was restricting shipments vital to sectors including autos, aerospace, semiconductors, and defense.
The high-stakes dialogue comes as both economies face mounting pressure. Chinese customs data showed exports to the U.S. plummeted 34.5% in May, marking the steepest decline since February 2020 at the height of the COVID-19 pandemic.
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