US-China Trade Talks Address Tariff Truce, Export Controls in London

U.S.-China trade talks in London are set to address a series of fresh disputes that threaten the fragile 90-day tariff truce agreed upon in Geneva last month. Key issues include the U.S. Commerce Department's export control guidance on Huawei's Ascend AI chips, China's restrictions on rare earth exports vital to various industries, and the U.S. revocation of certain Chinese student visas. President Donald Trump and Chinese leader Xi Jinping recently held a phone call to help steer relations back on track, with Trump announcing the upcoming talks and expressing optimism about their outcome. High-level U.S. officials including Secretary of Treasury Scott Bessent, Secretary of Commerce Howard Lutnick, and Trade Representative Jamieson Greer will lead the American delegation, reflecting a willingness to engage directly with China's concerns. The discussions come amid ongoing economic tensions and a looming expiration of the tariff pause in August, with significant pressure on both sides to reach a sustainable agreement. These talks represent a critical moment for managing the economic rivalry and avoiding further escalation between the two largest global economies.