New round of talks between China and the US on tariffs begins, US delegation meets with Chinese representatives in London

A new round of talks aimed at resolving the trade war between the US and China have begun in central London.

A senior US delegation, including Commerce Secretary Howard Lutnick, has met with Chinese representatives, such as Vice Premier He Lifeng, at Lancaster House to resolve tensions between the world's two largest economies, which are threatening global growth.

Chinese exports of rare earth metals, which are essential for modern technology, as well as Beijing's access to American products, including computer chips, are expected to top the agenda of the talks.

Last month, Washington and Beijing agreed to a temporary truce on trade tariffs, but each country has accused the other of violating the agreement.

The new round of negotiations comes after a phone call between Donald Trump and China's leader Xi Jinping last week, which the US President described as a "very good conversation".

The call, the first between the two leaders since the outbreak of the trade war in February, resulted in a very positive outcome for both countries, Trump declared.

While last month's talks in Geneva reduced tariffs, they did not resolve a number of other issues, including Chinese exports of rare earth metals and magnets, which are essential for the production of everything from smartphones to electric vehicles, writes the BBC .

Meanwhile, Washington has restricted China's access to American goods, such as semiconductors and other technologies related to artificial intelligence (AI).

In addition to Lutnick, US Treasury Secretary Scott Bessent and Trade Representative Jamieson Greer are also meeting with Chinese officials in London.

When Trump announced sweeping tariffs on imports from a number of countries earlier this year, China was hit hardest.

Beijing responded with its own higher tariffs on American imports, and this caused tax increases that peaked at 145%.

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