“The United States, China Commercial Talks” are going well “on the second day

On Tuesday Commercial conversations with China They were getting well, as the two sides met for the second day in London, in search of penetration of the export controls that threatened with a new rupture between the great powers.

After it agreed to retract a full trade ban in the first round of the talks in Geneva in May, the two sides are now looking for an agreement after accusing each other of trying to strangle supply chains with a set of export controls.

White House economic advisor Kevin Haysit said on Monday that the United States can recently raise the export controls on goods such as semiconductors if China is mocking the connection of the land and rare magnets that are decisive to its economy.

The bombing on the rare land, which sparked the alert in the halls of the board of directors and factory floors around the world, came after the initial deal last month in Geneva to reduce the customs tariff, which eased the investor’s fears that the trade war will lead to a global slowdown.

“The talks) throughout the day yesterday, and I expect (they) throughout the day.” “They are going well, and we spend a lot of time together.”

The tariff policies that turned into Trump moved the global markets, sparked congestion and confusion in the main ports, and companies cost tens of billions of sales and high costs.

However, the markets formed many of the losses they suffered after Trump revealed a “liberation day” tariff in April, with the help of re -appointment in Geneva among the world’s largest economists.

The second round of the US -Chinese talks, which followed a rare phone call between Trump and Chinese President Xi Jinping last week, comes in a decisive time for both economists.

The customs data published on Monday showed that China’s exports to the United States decreased by 34.5 % in May, which is the sharp decline since the outbreak of the roaming epidemic.

While the influence on inflation in the United States and its job market has been steadfast until now, the customs tariff has been bound to confidence in the United States and the confidence of the family and the dollar is still under pressure.

The conversations led US Treasury Secretary Scott Bessen, Lootnick and American Trade Representative, Jameson Jarir, with the Chinese unit by Deputy Prime Minister is Leving.

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The two sides met about seven hours on Monday and resumed 1000 GMT on Tuesday, when both are expected to issue updates later in the day.

The Lutnick Insert, which supervises its agency, refers to the export controls of the United States, indicates how the central land has become. He did not attend the Geneva talks, when the countries concluded a 90 -day deal for some tripartite definitions that they put on each other.

China reserves the presence of nearly a monopoly on the rare Earth magnet, which is a decisive component in electric car engines, and its decision in April to suspend exports of a wide range of critical minerals and collapsed global supply chains.

In May, the United States responded by stopping the shipments of semiconductor design programs, chemicals and airline equipment, which led to the abolition of previously released export licenses.

Haysit said it is expected that any export controls from the United States will be reduced and the issuance of rare lands will be reduced by simply shaking the two sides in London.

But he said that any mitigation would not include “very advanced NVIDIA things”, referring to the most advanced artificial intelligence chips in NVIDIA that were prevented from going to China about concerns about possible military applications.

“I am talking about the potential export controls on the semiconductors that are very important to them,” he said.

–Additional reports by Sashin Ravicomar. Writing Kate Holton. Edited by David Evans and Mark Potter