U.S.-China trade talks in London are set against a backdrop of rising tensions following a recent agreement to temporarily pause tariffs. Issues surrounding semiconductors and rare earth materials have intensified conflicts, with the U.S. expressing concerns over Chinese tech exports. President Trump communicated with President Xi to mend relations, while the U.S. Commerce Department's guidance on Huawei highlights ongoing mistrust. Analysts note a potential openness from the U.S. side to address China's grievances regarding export controls, suggesting a complex negotiation ahead.
The latest frictions began just a day after the May 12 announcement of the Geneva agreement to "pause" tariffs for 90 days.
China holds significant leverage over rare earths, which are critical for numerous industries, including automotive and technology sectors.
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