In Reply to: The economic vibes are very bad for Republicans posted by mh on June 11, 2025 at 12:36:49
The US and China ended two days of talks in London with the announcement of a new effort to try and move past recent flare-ups and get back to negotiations that had been planned after a gathering last month in Geneva.
Commerce Secretary Howard Lutnick described the agreement to reporters as "a framework to implement the Geneva consensus" — suggesting this gathering was about getting the "negativity out." The Chinese negotiator offered similar takeaways to Chinese state media.
The sides hinted that this week's talks will lead to a Chinese speed-up of shipments of rare earth metals critical to US and world supply chains in exchange for Washington easing some of its own export controls on things like semiconductors.
The clear focus for the moment is defusing these issues with an eye toward opening up talks on broader topics — like tariffs — later.
The deals will now be presented to US President Trump and Chinese President Xi Jinping for their reaction.
Trump offered his own reaction Wednesday morning with a social media post asserting that a deal is "done" and will include the supplying of rare earth minerals by China “up front” as well as give Chinese students access to US universities.