The United States of China’s commercial talks: Is the melting of the ice on the cards after Trump’s eleventh invitation? | Business and Economics News

Senior American and Chinese officials in London are gathering in an attempt to defuse commercial tensions on rare land minerals and advanced technology after a phone call between presidents Donald Trump and Xi Jinping last week.

In Monday’s talks, the two sides aim to build on a preliminary trade deal concluded in Geneva in May, which led to a short reduced temperature between Washington and Beijing and offered relief to investors who were beaten months ago of the World Trade War of Trump.

Since then, the agreement was followed on the suspension of some customs tariffs by 100 percent for 90 days through criticism and accusations on both sides.

But after reaching an initial understanding with Xi about the resumption of critical mineral flow, Trump said on Thursday that he expected the Monday meeting be “very well.”

Who leads the American and Chinese delegations?

The American delegation in London is headed by Treasury Secretary Scott Besin, Trade Minister Howard Lottenic and Trade Representative Jameson Jarir. The Chinese opening will lead the Deputy Prime Minister is Leving.

The meeting place has not been revealed.

What happened during the invitation last week between Shi and Trump?

The Monday meeting comes four days from Trump and Shi Talk over the phoneTheir first direct interaction since Trump opened on January 20.

After the call that lasted for more than an hour on Thursday, Trump said that the conversation focused on trade and led to a “very positive conclusion” for both countries.

In the first reading of the invitation, Trump posted on his social media website: “I just finished a very good phone call with President Xi, from China, and discussed some of the complexities of the recently made commercial deal, and agreed to it.”

He added: “There are no longer any questions about the complexity of rare ground products. Our teams will soon meet at a location that is determined after that. During the conversation, President Xi called for the first lady and I was visiting China, and I have recipient.”

For his part, China government television screens, on his part, reported that the two countries should strive to achieve results, dialogue and cooperation, which are the correct choice for both.

In recent weeks, the other two sides have been accused Break their deal It was made in Geneva and aims to significantly reduce the tariffs – the Trump Tram Agreement April 2.

The initial armistice was struck May 11 In Geneva we fell to Chinese products from 145 to 30 percent, while Beijing cut fees on American imports from 125 to 10 percent.

The agreement gave both sides a three -month deadline to try to reach a more permanent deal.

What are the ways in which export controls played a role?

Renewable tensions between the United States and China began just one day after the May 12 announcement of the Geneva Agreement to temporarily reduce the customs tariff.

The US Department of Commerce issued instructions saying that the use of huwei rising artificial intelligence chips, a leading Chinese technical company, could violate US export controls.

The agency warned the companies “anywhere in the world” against using the artificial intelligence chips made by Huawei, claiming that it had illegally contained, or was made with American technology.

Beijing has publicly criticized Washington’s step to reduce access to American technology, accusing the United States of trying to stop China’s ability to develop advanced artificial intelligence chips.

On May 15, a spokesman for the Chinese Ministry of Commerce, Yongyan, accused the United States of “misuse of export monitoring measures”, adding that China will take steps to defend its commercial interests.

Lootnick was not in Geneva last month, but he was a major negotiator in Monday’s talks in London. Its Ministry of Commerce oversees export controls for the United States, and some analysts believe that his participation is an indication of the centrality of the case for both sides.

China issues rare ground licenses for American companies

In response to Trump’s introductory announcement on April 2, Beijing suspended exports to all countries of rare heavy and magnets associated with it on April 4.

The central global supply chains of automobile companies, aviation manufacturers and military contractors move.

China produces 90 percent of the world Rare land mineralsThey are essential ingredients in permanent-used magnet used in a set of high-tech applications.

Without mentioning the rare land specifically, Trump moved to social media last month to attacks Chinese commercial restrictions.

“The bad news is that China, perhaps not surprising to some, has fully violated its agreement with us,” Trump was actually published on the social fact on May 30.

After the phone call to Xi and Trump last week, the Chinese government hinted that it addresses American concerns, which were also chanted by some European companies.

On Saturday, the Chinese Ministry of Trade said it had agreed to some rare land exports, without specifying the participating countries.

It issued a statement saying that it has granted some approvals and “will continue to enhance approval of requests that comply with the regulations.”

On Monday, the suppliers received the rare lands for three companies companies companies for American automotive – General Motors, Ford and Westintes – a statement from Beijing to obtain a few export licenses.

Kevin Haysit, head of the National Economic Council at the White House, said on Sunday that Washington wanted to reach the largest possible number of rare land as soon as possible.

“We want the rare land to flow and magnets, which are decisive to mobile phones and everything else as they did before the beginning of April, and we do not want any technical details that slow down,” said Haysit.

What are the challenges?

Student visas are not usually returned to commercial talks, but the US announcement recently will start Cancel visas From Chinese students, it emerged as another flash point between Washington and Beijing.

On May 28, US Secretary of State Marco Rubio said that the Trump administration will begin to “cancel” Chinese university students’ visas.

He also said that the United States will review visa standards to enhance auditing in all future visa requests from China and Hong Kong.

China is the second largest country of origin for international students in the United States after India.

More than 270,000 Chinese students studied in the United States in the academic year 2023-2024.

Beijing Foreign Ministry spokesman in Beijing Ning criticized Washington’s decision to cancel the visas, saying it had “harm” the rights of Chinese students.

Other concerns continue to abolish the bilateral relationship from the illegal fentanel trade to the position of Taiwan and the United States of the state’s economic model in China.

However, Trump’s geopolitical inflation goes beyond China. While he promised to reshape relations with all trading partners in the United States, Trump has yet arrived One new trade agreement – With the United Kingdom.

Trump’s reducing American definitions on Chinese goods is depleted in August unless he decides to extend it. If there are no deals, the White House said that Trump is planning to restore tariff prices to the levels he announced for the first time in April.