London (AP) – The US and China engaged in Day 2 of the discussions on Tuesday in London, aiming to mitigate Trade Disputes. President Donald Trump remarked that China was “not easy,” while asserting that the US was “doing well” in the negotiations.
The Chinese delegation, led by the Deputy Prime Minister, spent several hours on Monday at Lancaster House, an exquisite 200-year-old mansion located near Buckingham Palace, meeting with Treasury Secretary Howard Lutnick, Treasury Secretary Scott Bescent, and trade representative Jamieson Greer.
Included in the Beijing delegation are China’s Commerce Minister Wang Wentao and trade negotiator Li Chenggang.
Upon his arrival on Tuesday morning, Lutnick stated that the talks were “going well” and expressed hope for a full day’s session.
Late Monday, Trump responded to reporters regarding the progress of negotiations, saying, “We’re doing well with China. China is not easy.”
Both nations are working to build on the Negotiations in Geneva last month, which led to a 90-day suspension of most of the 100% or more tariffs they had placed on each other due to recession concerns.
Since the talks in Geneva, the US and China have exchanged heated remarks concerning advanced semiconductors that power artificial intelligence, as well as Visas for Chinese students at American universities and rare earth minerals critical for automakers and various industries.
Trump eventually discussed the relationship with Chinese leader Xi Jinping last Thursday over the phone. The following day, Trump announced on social media that trade discussions will resume in London.
As the world’s largest producer of rare earth elements, China indicated it could relax export restrictions on these critical materials in April, a move aimed at benefiting automakers globally. Beijing hopes that the US will lift limitations on China’s access to the technologies necessary for manufacturing advanced semiconductors.
Trump expressed his desire to “open China,” the leading global manufacturer, stating, “If we don’t open China, we might not do anything. But we want to open China.”
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This story was contributed by Associated Press writer Josh Balk from Washington.
Source: apnews.com