U.S. Commerce Secretary Howard Lutnick (Howard Lutnick) said on Tuesday that trade talks with China are going well. The two sides held a second day of talks in London to seek a breakthrough on export controls. The issue of export controls could lead to another rupture between the two superpowers. Last month, the United States and China reached a tentative agreement in Geneva to lift the comprehensive trade embargo. Earlier, Washington accused Beijing of blocking the export of rare earth minerals, which are vital to its economy, leading to tensions between the two countries. For now, U.S. and Chinese officials are trying to get back on track.
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The China-US trade negotiations are progressing positively, seeking breakthroughs in export control issues.
U.S. Commerce Secretary Howard Lutnick (Howard Lutnick) said on Tuesday that trade talks with China are going well. The two sides held a second day of talks in London to seek a breakthrough on export controls. The issue of export controls could lead to another rupture between the two superpowers. Last month, the United States and China reached a tentative agreement in Geneva to lift the comprehensive trade embargo. Earlier, Washington accused Beijing of blocking the export of rare earth minerals, which are vital to its economy, leading to tensions between the two countries. For now, U.S. and Chinese officials are trying to get back on track.