US-China Trade Talks: Optimism in London as Rare Earths Take Center Stage

Optimism Rises on Day Two of U.S.-China Trade Talks in London. The second day of U.S.-China trade talks in London has seen a surge in optimism, with both sides making progress on key issues. Treasury Secretary Scott Basson stated that the first day's meeting was "good." Commerce Secretary Howard Lutnick added that the day was "fruitful." The talks center on crucial access to rare earths for the U.S. and China's demands for American semiconductors. The outcome of these talks will have a considerable impact on global markets. While the White House prioritizes access to rare earths, vital for its high-tech industries, China has reduced its supply of these materials by half compared to the previous year. The negotiations are expected to continue, with the potential to influence the economic paths of the world's two largest economies.