The second round of US-China tariff negotiations took place in London and ended with President Trump making what seemed to be significant concessions to China. This reflects the complicated nature and high stakes of the ongoing trade war. These talks followed a 90-day pause that was agreed upon in Geneva in May and mainly focused on the contentious issues surrounding rare earth minerals and high-tech exports.
The recent phone call between President Trump and President Xi Jinping marked an important moment. Initially, Trump characterized the conversation as a success, stating that Xi had agreed to resume rare earth mineral exports. However, this agreement seems to have come after the U.S. imposed tariffs while being somewhat unaware of the potential for Chinese responses, according to NPR.
