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American and Chinese officials seek breakthrough on export controls that threaten a fresh rupture between world’s two largest economies
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US commerce secretary Howard Lutnick said trade talks with China were going well as the two sides met in London for a second day on Tuesday, looking for a breakthrough on export controls that have threatened a fresh rupture between the world’s two largest economies.
US and Chinese officials are trying to get back on track after Washington accused Beijing of blocking exports of rare earth minerals critical to America’s economy, straining ties after they had struck a preliminary deal in Geneva last month to step back from a full-blown trade embargo.
