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US and China flags are pictured at Lancaster House, on the second day scheduled for trade talks between the US and China, in London, Britain, June 10, 2025. — Reuters
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In London on Tuesday, the United States and China hugged the second day, Washington sent positive indications that the two superpowers could resolve a bitter trade war on the global economy.
US Commerce Secretary Howard Lotank told Bloomberg Television, “The conversation was” running well “.
The global stock markets were silenced on Tuesday as investors awaited the results of the talks to strengthen a critical war in the trade war.
“The lack of positive headlines is on stock and dollar,” said Kathleen Brooks, research director of the XTB trading platform.
But a top adviser to US President Donald Trump said on Monday that he was expected to “have a big, strong handshake” after talks at the UK’s historic Lancaster House.
Trump told reporters at the White House on Monday: “We are doing well with China. China is not easy.”
He added: “I just get good reports.”
After the first round of talks in Geneva last month, a gathering of key officials from the world’s two largest economies began in London on Monday.
China’s rare land mineral exports that are widely used in things, including smartphones, electric vehicles batteries and green technology, are expected to dominate the agenda.
“In Geneva, we agreed to reduce the prices, and they agreed to release magnets and rare lands, which we needed the entire economy,” Trump’s top economic adviser, Kevin Haset, told CNBC on Monday.
But although Beijing was releasing some goods, “it was running slowly than some companies, who thought it was more and more.”
Nevertheless, he said he expects a “big, strong handshake” at the end of the talks.
“We expect any exports of exports from the United States, after the handshake, and the rare lands will be released in volume,” Hasset added.
He also said that the Trump administration may be willing to reduce some recent sanctions on tech exports.
Privileges?
Since the assumption of Trump in January, tensions between Washington and Beijing have increased, with the two countries engaged in tariff war hiking duties on each other’s exports.
The Geneva deal temporarily increased the new US prices from 145 % to 30 %, and the Chinese counter -125 % to 10 %.
But Trump recently said that China had “completely violated” the deal.
And the analysts were careful.
“We suspect that the United States will withdraw completely. It is likely to stop any relief rally,” said Thomas Mathews, head analyst from Capital Economics Asia Pacific Markets.
Swiss Cot Bank senior analyst, IPC Ozcardeskia, said that although “no progress has been made”, this is the first day of the second round of talks.
“These rumors are circulating that the United States may be willing to give concessions on tech exports in exchange for restrictions on rare Earth Metal exports,” he said.
In April, he named “Liberation Day”, Trump slapped a 10 percent sweeping prices on friends and enemies, and threatened to steeper rate on dozens of economies.
Prices have already refused trade, with government figures from Beijing in May in May, sugar exports to the United States declined by 12.7 percent.
China is also in talks with other trade partners, including Japan and South Korea, to try to create a united front to counter Trump’s prices.
Chinese leader Xi Jinping called on South Korea’s new president Li Jay Meong on Tuesday to maintain free trade with Beijing and “to ensure the stability and smooth work of global and regional industrial and supply chains,” the Zenhua News Agency said on Tuesday.
Chinese Deputy Premier He is leading the team in London London, which includes Minister of Commerce Wang Ventao and China International Trade Representative Lee Chengang.
US Treasury Secretary Scott Basant, Lotank and Trade Representative Jameson Greer are leading the US delegation.
