{"id":149256,"date":"2025-06-10T03:34:15","date_gmt":"2025-06-10T03:34:15","guid":{"rendered":"https:\/\/teknomers.com\/en\/?p=149256"},"modified":"2025-06-10T03:34:16","modified_gmt":"2025-06-10T03:34:16","slug":"in-london-washington-and-beijing-seeking-a-commercial-consensus","status":"publish","type":"post","link":"https:\/\/teknomers.com\/en\/in-london-washington-and-beijing-seeking-a-commercial-consensus\/","title":{"rendered":"In London, Washington, and Beijing seeking a commercial consensus"},"content":{"rendered":"\n

The Resumption of U.S.-China Trade Talks: What\u2019s at Stake?<\/h2>\n
\n

On Tuesday, \u00a0China\u00a0 and the \u00a0United States\u00a0 are set to resume their second round of trade negotiations after a first day that yielded little information. The primary aim of these talks is to solidify the fragile \u00a0trade truce\u00a0 that was achieved a month ago in Geneva.<\/p>\n

Starting in the early afternoon on Monday, as reported by the official agency \u00a0Xinhua\u00a0, discussions will continue on Tuesday at \u00a010 AM local time\u00a0 (09:00 GMT) at the famous \u00a0Lancaster House\u00a0. This was confirmed to AFP by a close source to the negotiations.<\/p>\n

These exchanges between the two largest economic powers in the world are being closely monitored by the markets. Analysts expect that these discussions may be less productive than those in \u00a0Switzerland\u00a0, where Beijing and Washington had agreed to significantly reduce their mutual tariffs for 90 days.<\/p>\n

\u201cI have good vibes. Everything is going well with China. But China is not easy,\u201d U.S. President \u00a0Donald Trump\u00a0 stated to the press at the end of the day. “We want to open China, and if we don\u2019t succeed, we will probably not make any concessions.” These negotiations are attended by \u00a0China’s Vice Premier He Lifang\u00a0, Minister of Commerce \u00a0Wang Wentao\u00a0, and International Trade Representative \u00a0Li Chenggang\u00a0.<\/p>\n

On the American side, three government officials are present: Secretary of the Treasury \u00a0Scott Bessent\u00a0, Secretary of Commerce \u00a0Howard Lutnick\u00a0, and the White House Trade Representative \u00a0Jamieson Greer\u00a0.<\/p>\n

This meeting follows a \u00a0telephone exchange\u00a0 last Thursday between President Trump and President \u00a0Xi Jinping\u00a0, described as \u201cvery positive\u201d by Trump. Xi urged his counterpart to \u201ccorrect the course of the great ship of Sino-American relations,\u201d according to Chinese media.<\/p>\n

These negotiations come on the heels of a sudden rise in tensions last week, with President Trump accusing Beijing of failing to honor the terms of the de-escalation agreement signed in Geneva. \u201cIn Geneva, we agreed to lower our tariffs, and they agreed to allow the export of magnets and \u00a0rare earth\u00a0 materials that we need,\u201d highlighted \u00a0Kevin Hasset\u00a0, Trump’s chief economic advisor, on \u00a0CNBC\u00a0.<\/p>\n

However, Hasset noted that while China has permitted these exports, \u201cthis has happened at a pace much slower than what companies consider optimal.\u201d<\/p>\n

Key Issues on the Table: Rare Earth Materials and Tariffs<\/h2>\n

The rare earth materials from China, a significant point of contention between the two nations, are expected to be a critical focus during these negotiations. These materials are vital for a wide range of products, particularly \u00a0electric vehicle batteries\u00a0. According to \u00a0Kathleen Brooks\u00a0, Director of Research at \u00a0XTB\u00a0, \u201cthe United States wants to restore the shipping pace of these strategic metals, which has slowed since the initiation of Trump’s trade war in early April.\u201d<\/p>\n

Meanwhile, China is looking for the U.S. to reconsider restrictions on \u00a0student immigration\u00a0, ease limitations on access to \u00a0advanced technologies\u00a0, particularly microprocessors, and facilitate access for Chinese technology suppliers to American consumers, she added.<\/p>\n

When Trump was questioned about the possibility of lifting certain export controls, he merely responded with a vague \u201cwe will see.\u201d For Hasset, the goal is \u201ca firm and strong handshake\u201d after which \u201cU.S. export controls will be lifted, and rare earth materials from China will arrive in abundance.\u201d<\/p>\n

The Economic Impact: A Diverging Path<\/h2>\n

In Switzerland, Washington agreed to reduce tariffs on Chinese products from \u00a0145% to 30%\u00a0, in exchange for a similar reduction by Beijing from \u00a0125% to 10%\u00a0 on American products, all for a period of 90 days.<\/p>\n

However, real damages are already evident, highlighted by a \u00a012.7% drop\u00a0 in Chinese exports to the United States in May compared to April, according to official statistics. While working towards normalizing relations with Washington, the Chinese government has initiated discussions with other partners to form a united front against the U.S.\u2014with \u00a0Japan\u00a0 and \u00a0South Korea\u00a0 leading the charge, but also including \u00a0Canada\u00a0, with whom relations are currently strained.<\/p>\n

Peking has also proposed a \u201c green channel \u201d to the \u00a0European Union\u00a0 to facilitate the export of rare earth materials to the bloc, ahead of a July summit between the \u00a0EU\u00a0 and China.<\/p>\n<\/div>\n\n

General News – 2<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The Resumption of U.S.-China Trade Talks: What\u2019s at Stake? On Tuesday, \u00a0China\u00a0 and the \u00a0United States\u00a0 are set to resume their second round of trade negotiations after a first day that yielded little information. The primary aim of these talks is to solidify the fragile \u00a0trade truce\u00a0 that was achieved a month ago in Geneva. […]<\/p>\n","protected":false},"author":1,"featured_media":149257,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[23832],"tags":[36556,17358,36555,36554,36553,958],"class_list":["post-149256","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance","tag-chine","tag-commerce","tag-conflit","tag-diplomatie","tag-douanes","tag-usa"],"_links":{"self":[{"href":"https:\/\/teknomers.com\/en\/wp-json\/wp\/v2\/posts\/149256","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/teknomers.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/teknomers.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/teknomers.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/teknomers.com\/en\/wp-json\/wp\/v2\/comments?post=149256"}],"version-history":[{"count":0,"href":"https:\/\/teknomers.com\/en\/wp-json\/wp\/v2\/posts\/149256\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/teknomers.com\/en\/wp-json\/wp\/v2\/media\/149257"}],"wp:attachment":[{"href":"https:\/\/teknomers.com\/en\/wp-json\/wp\/v2\/media?parent=149256"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/teknomers.com\/en\/wp-json\/wp\/v2\/categories?post=149256"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/teknomers.com\/en\/wp-json\/wp\/v2\/tags?post=149256"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}