In a significant step forward, the Chinese mainland and the United States agreed in principle on a procedural framework following their June 5 phone call and last months Geneva talks. The first face-to-face meeting of the China-U.S. economic and trade consultation mechanism in London has set the stage for translating high-level commitments into concrete actions.
Both sides chose London as neutral ground to tackle mounting tensions. Washington had grown frustrated by delays in rare earth export permits, even imposing new sanctions and student visa warnings, while rising inflation put pressure on manufacturers reliant on these materials for automobiles, electronics, aerospace and medical equipment.
Negotiators shifted the dialogue from broad tariffs to targeted export controls. The Chinese mainland pressed for the easing of U.S. restrictions on high-tech component exports, while U.S. officials sought greater access to Chinese rare earths. Although sweeping tariff rollbacks remain unlikely, industry-specific waivers and exemptions could offer a practical compromise.
The inclusion of the U.S. Commerce Secretary alongside the Treasury lead underscores the priority shift toward export controls. Any final agreements still require approval by President Trump, but embedding technical experts early promises a more structured negotiation process that balances direct leadership engagement with detailed working-level discussions.
Chinese trade representatives described the sessions as professional, rational, in-depth and candid, signaling readiness for more normalized dialogue. Still, both sides remain wary of potential flashpoints beyond trade—such as visa restrictions for students—underscoring the need for careful navigation as they work to stabilize China-U.S. economic ties.
Reference(s):
Q&A: Expert shares insights on China-U.S. trade talks in London
cgtn.com
