US-China Trade Talks: Doubts Over Rare Earths and Chip Trade-offs
The high-level US-China trade negotiations concluded in London, reaching a preliminary consensus on a new trade framework, yet numerous doubts remain. The US maintains a 55% tariff on China, while China agreed to lift restrictions on rare earth and permanent magnet exports. However, the US Treasury Secretary emphasized that chip export restrictions will not be a negotiating condition.
This negotiation reflects a new phase in the US-China trade war, with both sides seeking to navigate their respective trade limitations. Substantive details of their discussions were not fully disclosed, but it's evident that both leaders are eager to push forward the negotiation process.
Analysts suggest that if this trade framework is approved, it could help reduce the risks associated with export restrictions. However, the specifics regarding its implementation depend on the formal endorsement from both leaders.
