London, 10 June 2025. "There are intensive trade talks in London between high-ranking representatives of the United States and China. The second circular of negotiations launched in Geneva dominated disputes over export restrictions – China criticizes the US embargo on advanced semiconductors, while Washington demands the abolition of Beijing restrictions on exports of uncommon earth metals, crucial for advanced technology.
Key points in dispute
According to media reports, the Chinese delegation led by Deputy Prime Minister He Lifeng met with American officials, including Treasury Secretary Scott Bessent and sales typical Jamieson Greer. The main subject was:
China restrictions for the export of 7 uncommon earth metals, including dispersion, essential for the production of strong magnets utilized in the high-tech industry.
US restrictions for the sale of semiconductors to China, which Beijing describes as ‘discriminatory’.
Kevin Hassett, manager of the White home economical Council, in an interview with CNBC admitted that China had begun to alleviate restrictions, but inactive “too slow”. – If they delay, it could disrupt the production of U.S. companies dependent on these natural materials - He warned me.
Time force and “strong handshakes”
President Donald Trump, commenting on the talks, stated: “China is not an easy partner, but we are doing very well”. He besides announced that if Beijing did not open its market, the US could retreat from the agreement.
Hassett hoped that the London negotiations would end with a "short encounter with a strong handshake" after which the United States would abolish part of the embargo and China would increase the supply of uncommon earth metals. – We're not talking about Nvidia's state-of-the-art chips, but about another China's crucial semiconductors. – he added.
Commercial data confirm decoubling
Despite a temporary simplification in customs duties following talks in Geneva, the value of Chinese exports to the USA in May decreased by 34.5% r/r and imports of American goods decreased by 18.1%. This is another signal of the progressive separation of the economies of both powers.
Will London bring a breakthrough? Experts are careful, but both sides declare their willingness to proceed dialogue. The talks started yesterday will proceed today.
Source:
- Reports from press agencies (SCMP, Reuters, CNBC)
- Official communications from US and China
- Statements by the participants in the negotiations
Leszek B. Glass
Email: [email protected]
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