US-China trade talks in London enter their second day

[ad_1] LONDON -- The U.S. and China are holding a second day of talks Tuesday in London geared toward easing their commerce dispute, after President Donald Trump stated China is “not simple” however the U.S. was “doing properly” on the negotiations.

A Chinese language delegation led by Vice Premier He Lifeng met U.S. Commerce Secretary Howard Lutnick, Treasury Secretary Scott Bessent and Commerce Consultant Jamieson Greer for a number of hours on Monday at Lancaster Home, an ornate 200-year-old mansion close to Buckingham Palace.

Wang Wentao, China’s commerce minister, and commerce negotiator Li Chenggang are additionally in Beijing’s delegation.

Requested late Monday how the negotiations have been going, Trump advised reporters: “We're doing properly with China. China’s not simple.”

The 2 sides try to construct on negotiations in Geneva final month that agreed to a 90-day suspension of a lot of the 100%-plus tariffs they'd imposed on one another in an escalating commerce struggle that had sparked fears of recession.

Because the Geneva talks, the U.S. and China have exchanged indignant phrases over superior semiconductors that energy synthetic intelligence, visas for Chinese language college students at American universities and ” uncommon earth ” minerals which might be very important to carmakers and different industries.

Trump spoke at size with Chinese language chief Xi Jinping by telephone final Thursday in an try to put relations again on monitor. Trump introduced on social media the next day that the commerce talks would resume in London.

China, the world's largest producer of uncommon earths, has signaled it could ease export restrictions it positioned on the weather in April, alarming automakers all over the world who depend on them. Beijing, in flip, desires the U.S. to raise restrictions on Chinese language entry to the know-how used to make superior semiconductors.