Top-level US officials describe the current round of trade negotiations underway in London as “going well,” signaling cautious optimism from both sides in a high-stakes economic diplomacy effort aimed at easing long-standing tensions. 🔍 1. Background & Why It Matters After a preliminary agreement in Geneva last month, where both nations tentatively eased hefty tariffs…
U.S. President Donald Trump said Wednesday that its was “extremely hard” to make a deal with his Chinese counterpart Xi Jinping, at a time when the White House has been suggesting the two leaders could talk this week amid rising trade tensions. Scott Bessent, U.S. treasury secretary, said Thursday stateside that trade talks were “a bit stalled,” and…
European Union businesses are urging China to establish a special “fast-track” or “white list” channel for rare earth export licenses for trusted companies amid mounting global supply chain disruptions. At a recent meeting with China’s Ministry of Commerce, EU executives expressed concerns that stringent Chinese export controls—initially targeted at the US—have slowed deliveries to manufacturing…
