Rare land minerals in the midst of the United States of China’s trade talks after the export decreased

On Monday, US and China officials met to start a two -day session to discuss improving trade relations and increased disposal of Trade war.

The details of the meeting have not yet appeared, although a source told Fox Business that the discussions lasted for nearly seven hours and prompted the delegations to request dinner, as they continued to negotiations.

Treasury Secretary Scott Beesen described this event as a “good meeting”, while Trade Minister Howard Lootnick said it was “fruitful”.

The meeting, which will continue tomorrow, comes just four days after the president Donald Trump Chinese President Xi Jinping has made a phone call for the first time since Trump’s re -introduction and then Beijing struck a large tariff of 145 %.

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Although China initially responded to the same 125 % definitionsThe two sides agreed to temporarily reduce the trade conflict for 90 days last month, as negotiators improved trade relations, and temporarily put them in a 30 % tariff on Chinese goods, while Beijing implemented a 10 % tariff on US imports.

White House economic advisor Kevin Haysit said on Monday that rare land minerals will be at the heart of what the administration hopes to get out of this round of talks, especially after her accusation. China One of the slow exports of rolling from critical minerals.

China last month Its supplies were dropped from rare minerals By approximately 50 % for the previous year, while some reports suggested it was a step to highlight the Trump card when it comes to valuable elements.

“The purpose of the meeting today is to ensure that they are serious, but literally get a handshake,” Haysit, director of the National Economic Council, told CNBC on Monday. “We expected that after shaking hands … any export controls will be reduced from the United States and the rare land will be launched in size, then we can return to negotiating smaller matters.”

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Hasait said that Trump and Shayq are an issue Rare Earth exports The magnet, which is controlled by China is about 90 %, which is necessary for major industries such as cars and technology.

The director said that the slowdown in export could disrupt companies through the economy and indicated that Trump took the case “seriously.”

Despite the president’s assurances that customers will not be shocked by the poster out of exit, rare land minerals were not the only element that achieved great success.

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According to a Reuters report, China is exporting to the United States Nearly 35 % decreased Last month of the previous year, which is the most sharp decrease since the outbreak of the Corona virus began to hit the United States in February 2020.

Among the senior administration officials from the United States, regardless of BESSENT and Lutnick, who attended the meeting in London, the representative of the American trade, Jamieson Greer, indicates the importance of rare land exports to Washington.

Edward Lawrence in Fox Business contributed to this report.