The U.S. and China are set to meet in London on Monday to restart trade talks and try to ease tensions that have been hurting the global economy. Key U.S. officials like Commerce Secretary Howard Lutnick will sit down with Chinese leaders, including Vice Premier He Lifeng.
One of the main topics will be China's rare earth exports, materials crucial for making modern tech devices and China's ability to buy U.S. products like computer chips. Although the two countries agreed to a temporary pause in raising trade tariffs last month, both sides have accused each other of breaking that agreement.
The talks follow a phone call between U.S. President Donald Trump and Chinese President Xi Jinping, which Trump said was very positive. Xi reportedly asked the U.S. to cancel the harmful trade measures it had taken.
While the earlier talks helped lower some tariffs, big issues still remain, like China's control over rare earth exports and the U.S.'s technology restrictions on China, especially those linked to artificial intelligence.
Analysts say the U.S. is especially concerned because China produces about 69% of the world’s rare earth minerals, which are needed for many U.S. technologies. With both countries having major interests at stake, there's hope this round of talks could lead to progress.
Other U.S. officials, like Treasury Secretary Scott Bessent and Trade Representative Jamieson Greer, will also join the meetings.
Earlier this year, Trump raised tariffs on many imports, hitting China the hardest. China responded with its own tariffs, leading to a trade war. Talks in May led to a short-term deal reducing some tariffs, but since then, both sides have accused the other of breaking the deal.
The U.S. says China didn't follow through on easing export limits for rare earth magnets, while China claims the U.S. blocked tech sales and visas for Chinese students.
Although China has started approving some rare earth exports, the U.S. says it's not happening fast enough. Meanwhile, the global economy is feeling the effects. The OECD has lowered its global growth forecast to 2.9%, blaming rising trade barriers.
New data shows that China's exports in May were slightly better than last year, but its imports dropped more than expected, another sign the trade war is affecting both countries' economies.
China’s ruling Communist Party is stepping up oversight of technology firms, internet platforms and digital finance in a sweeping drive to ta...
A wave of bomb threats targeting passenger flights has disrupted air travel across Europe, forcing diversions, airport closures and fighter jet esc...
U.S. President Donald Trump says Washington will end its annual financial and military aid to Israel by the end of 2026, under an agreement he clai...
Iranian parliament speaker Mohammad Bagher Ghalibaf says the U.S. must act to prevent war after Tehran sent a “strong and rational response” to Washington. Meanwhile, U.S. forces have reportedly carried out limited strikes against Iranian targets, including Qeshm Island,
Hundreds of millions of U.S. citizens head to the polls on 3 November to elect the House of Representatives and Senate. How they vote could influence the direction of Donald Trump’s remaining 26 months in office and the outcomes of the Ukraine and Iran conflicts.
A six-day humanitarian ceasefire in the Russian-held Ukrainian town of Oleshky ended on Sunday, 1 November, after facilitating aid deliveries and civilian evacuations.
Kyrgyzstan has emerged as Central Asia’s fastest-growing economy, fuelled by a construction boom, public investment and trade linked to Russia. But with Western sanctions tightening, can the country sustain its rapid growth?
Russia airstrikes on a school used as a humanitarian aid distribution point in southeastern Ukraine's Zaporizhzhia region killed at least 26 people, including rescue workers and police officers, Ukrainian officials said. Another 27 people were reported missing.
China’s ruling Communist Party is stepping up oversight of technology firms, internet platforms and digital finance in a sweeping drive to tackle corruption and tighten control over the country’s rapidly evolving digital economy.
A wave of bomb threats targeting passenger flights has disrupted air travel across Europe, forcing diversions, airport closures and fighter jet escorts. No explosives have been found, raising questions about who is behind the alerts and whether the disruption itself is the goal.
U.S. President Donald Trump says Washington will end its annual financial and military aid to Israel by the end of 2026, under an agreement he claims to have reached with Israeli Prime Minister Benjamin Netanyahu.
Volodymyr Zelenskyy has confirmed that Ukraine's negotiators will meet with Russian and U.S. delegations in Abu Dhabi next week for the first peace talks mediated by Washington since February.
Spanish police are investigating the death of Tenerife striker Jesús de Miguel, who died after a collision with an opposing goalkeeper during a second-division football match. The case raises questions about when an on-field challenge can become a criminal offence.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment