Commercial conflict: USA and China negotiate rare earths in London!

Commercial conflict: USA and China negotiate rare earths in London!

Lancaster House, London, UK - China and the USA are currently in London in negotiations on their long -lasting trade dispute. These discussions, which take place in the prestigious Lancaster House, are held by high-ranking delegations of both countries, including by US Finance Minister Scott Bessent and China's Vice Prime Minister He Lifeng. The United States Minister of Commerce, Howard Lutnick, and his Chinese counterpart Wang Wentao accompany the talks. Official results or intermediaries have not yet been published. An exact time for the continuation of the talks was also not announced, but a sequel in the morning (local time London) is expected, as ZVW

A central point in the negotiations is the discussion about trade restrictions that have increasingly come into focus in recent months. China's export controls in particular on rare earths are worried about the USA and other countries. These critical raw materials are essential for a variety of technical applications, which increases the dependence of the USA of imports. Economic advisor Kevin Hasset has announced a “handache agreement” in London with the aim of underlining the seriousness of the negotiations and symbolically consolidating the friendly relationships between US President Donald Trump and Chinese President Xi Jinping, so Germany Trade & Invest Since the search for an independent raw material supply under President Trump in 2017, in order to reduce the dependency. These include, among other things, the inclusion of rare earths in the list of critical raw materials that are regularly updated.

In the current situation, the discussion about trade agreements and the relaxation of export controls is particularly explosive. Experts warn that a liberal trade policy in relation to rare earths could be necessary to ensure the supply of the US industry. Without collaboration, there is a shortage of global semiconductor offering, which in turn could significantly burden the economy in the United States. Observers consider the ongoing negotiations to be a decisive step to achieve a stable trade environment between the two largest economies in the world.