He US Secretary of Commerce, Howard Lutnick, said Tuesday that Commercial conversations with China were “well.” It was when both parties met for the second consecutive day in London, in search of advancing in export controls that threatened with a new break between superpowers.
Washington accused Beijing of blocking exports of rare earth minerals. This tightened the ties after last month agreed in Geneva to avoid a full -fledged commercial embargo.
The Economic Advisor of the White House, Kevin Hasettsaid on Monday that the US was willing to accept export controls of some semiconductors in exchange for China to accelerate the delivery of rare earths and magnets, according to Reuters.
The United States and China: the conversations “are going well”
“The conversations lasted all day yesterday and I hope they last all day today,” Lutnick told the press and added: “They are going well and we are spending a lot of time together.” The talks, on Monday, were directed by the Treasury Secretary, Scott Besent, Lutnick himself and US trade representative Jamieson Greer.
This cost companies tens of billions of dollars in lost sales and higher costs. The second round of conversations between the US and China, which followed an unusual telephone call between Trump and the Chinese president, Xi Jinping, last week, arrives at a crucial moment for both economies.
Customs data published on Monday showed that China’s exports to the US collapsed 34.5% in Maythe most pronounced fall from the outbreak of the Covid-19 Pandemia, said Reuters.
China maintains a monopoly on rare earth magnets, a crucial component in electric vehiclesand its decision in April to suspend exports from a wide range of minerals and critical magnets alerts world supply chains.
Donald Trump’s cryptocurrency platform announced that he will buy his memecoin
Eric Trump, son of the president of the United States, Donald Trump, announced that World Liberty Financialthe Decentralized Finance Project (DEFI) linked to your family, will acquire a “substantial position” in the memecoin $ Trump as part of its long -term treasury strategy.
“I am proud to announce that the meme Coin $ Trump has aligned with @worldlibertyfi,” said the businessman on June 6 through a publication on the social network X (former Twitter).
Although concrete figures on investment were not announced, the announcement points to provide institutional legitimacy to an asset that, as with most memecoins, It depends largely on media support and brand recognition.
Source: Ambito
