US and China talk rare earths and chip controls in London

Second round of superpower negotiations set to continue Tuesday

Cabinet-level economic and trade officials from the U.S. and China met in London on June 9. (U.S. Treasury Department)

WASHINGTON/BEIJING -- Top officials from the U.S. and China met in London on Monday for a second round of trade talks, reportedly discussing Beijing's curbs on rare earths and Washington's semiconductor export restrictions.

U.S. Treasury Secretary Scott Bessent and U.S. Trade Representative Jamieson Greer participated in the meeting, along with Commerce Secretary Howard Lutnick, who was not at the first round of talks last month in Switzerland. The Chinese side was led by Vice Premier He Lifeng, who is in charge of economic policy.

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