US-China trade talks to resume; UK jobs market ‘weakening’ as payrolls tumble
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FTSE 100 approaching record high; US-China trade talks continue – business live
Trade talks between the US and China are set to resume in London today. Officials push for a breakthrough over shipments of technology and rare earth elements. The US are unhappy that China has not released crucial rare earth minerals, and magnets, as rapidly as hoped.
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Trade talks between the US and China are set to resume in London today, as officials push for a breakthrough over shipments of technology and rare earth elements.
After more than six hours of talks on Monday, negotations will resume at Lancaster House later this morning. Investors are hopeful of a breakthrough that could continue to ease tensions between the two economic superpowers.
President Donald Trump has indicated that the first day of talks were encouraging. He told reporters that “We are doing well with China. China’s not easy….I’m only getting good reports.”
The US are unhappy that China has not released crucial rare earth minerals, and magnets, as rapidly as hoped since the two countries agreed an initial trade pact in Geneva a month ago.
Treasury secretary Scott Bessent told reporters in London they had a “good meeting”, Bloomberg reports, while commerce secretary Howard Lutnick called the discussions “fruitful.”
The agenda