United States and China commercial conversations will resume next Monday, June 9, in the English city of London, with the aim of Reach an agreement in the middle of the tariff war that began on April 2 When US President Donald Trump announced the application of new levies. In the prelude to the meeting, the Republican leader was positive about the meeting: “The meeting should do very well.”
USA and China will seek to reach a commercial agreement
According to Trump, the representatives on the American side will be; The Secretary of the Treasury, Scott Besent; The Secretary of Commerce, Howard Lutnick and the commercial representative, Jamieson Gerer.
During the call last Thursday, both leaders expressed their concerns about various issues. From the American side, Trump claimed for the lack of imagreement of rare earths essential for the production of electric vehicles and US defense systems. While on the side of the Asian giant the magnifying glass was placed on New US restrictions on artificial intelligence chips developed by Huawei Techonologies Co.
After the call, Trump claimed to have obtained the commitment to restore the supply of rare earthly magnets. For its part, China approved temporary export licenses to essential mineral suppliers for the main car manufacturers in the United States.
The meeting next Monday It will be the second round of conversations that both countries have. The first – which took place in May of this year, in Switzerland – achieved a significant disparate in the commercial conflict since it agreed a tariff truce. There, in addition, the foundations for the continuity of the conversations sat.
But not everything was an atmosphere of peace between both powers. After the meeting in Geneva, both parties denounced – mutually – the violation of the initial agreement reached.
The AS under China’s sleeve in the commercial war with the United States
In the context of the growing commercial tension between the United States and China, the Xi Jinping government redoubled its commitment with a strategic measure: reinforced the licensing system to export rare earths, fundamental supplies for sectors such as technological, military and renewable energy. The decision directly impacts global manufacturers and shows the power of China to influence the pulse of the world economy.
While China concentrates around 70% of the global production of rare earthshis hegemony is even more pronounced in the stages of refinement and processing. These materials are indispensable for the manufacture of electric vehicles, drones, guided missiles and high -end chips.
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Gentileness: money (Dominican Republic)
The export control strategy that China has been consolidating for more than ten years takes as a reference The sanctioning regimes of the United States, although with its own logic. While Washington blocks the export of sensitive technology to its strategic adversariesBeijing responds with restrictions on key resources as a way to expand its margin of international maneuver.
In April, the Chinese Ministry of Commerce expanded the list of rare earths subject to export licenses, a measure that left without essential supplies to European and Japanese manufacturersand forced even at the close of some production lines. Despite the Trump administration ads about possible negotiations to relieve these restrictions, China did not give signs of backing.
Source: Ambito
