US-China trade talks in London poised to enter third day

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American and Chinese officials were preparing for the possible third day of commercial talks in London, where US Treasury Secretary Scott Beesen left the city to return to Washington for his appearance in front of congress on Wednesday.

Howard Lootnick, the trade secretary who joined Pesin with the American commercial actor, Jameson Jarir in the negotiations, earlier, told reporters that the talks were fine and could extend to a third day.

“I hope that this evening will be ended, but if they need to be, we will be here tomorrow,” said Lotney before an evening session, according to Reuters.

The American team held two days of negotiations with He Lifeng, the Chinese deputy, and his delegation in an attempt to resolve the issues that threatened to take out the ceasefire in the trade war that was agreed in the first round of the talks last month in Geneva.

Marathon talks are held in central London at the government -owned Lancaster House Palace, a short distance from Buckingham Palace.

The historical place, which is also home to the 39,000 wine government, was provided by the British government as a neutral land for discussions between the great economic powers.

The talks followed a call last week between US President Donald Trump and Chinese President Xi Jinping.

The London meeting represents the first face -to -face talks between it and Bessent since it was mediated in a 90 -day truce on May 12 in Geneva, when they agreed to reduce their own tariffs over another by 115 percentage points.

High-risk negotiations are an attempt to ensure that two difficult issues-Chinese exports of rare land for American and American technology export controls-do not hinder the broader talks.

Before the first round of negotiations in Geneva, Bessent warned that the high definitions imposed by each side imposed on the other side as a ban on bilateral trade. Which confirms the risks, Chinese exports to the United States fell more severely in May, on an annual basis, more than any time since the epidemic in 2020.

While the United States accused China of not honoring its pledge from Geneva to ease the restrictions imposed on rare Earth exports, Beijing has increased pressure on Washington to get rid of export controls related to technology. It was also angry that the United States announced new restrictions after the Geneva meeting.

The United States has accused China of picking up foot on rare land shipments, which are decisive to defense, cars and technology industries. The pace of slow approvals affected the supply chains of manufacturing in the United States and Europe.

Beijing accused Washington of “seriously violating” the Geneva Convention by issuing new warnings about the use of Huawei chips worldwide, stopping sales of chips design programs to Chinese companies and canceling visas for students from the country.

On Monday, a senior White House official indicated that Trump can reduce the restrictions imposed on selling chips to China if Beijing agrees to accelerate the export of rare land.

This would rise to a major change in politics from the Biden Administration, which has implemented what he called the “Small Skin, the High Fay” designed to restrict Beijing’s ability to obtain US technology that can be used to help the army in China.