Summary
Trade talks between the US and China in London are progressing positively and may extend into a third day, according to US Commerce Secretary Howard Lutnick. The discussions focus on resolving conflicting export controls that threaten a fragile tariff truce established in Geneva. A White House official indicated that while the talks are going well, specific details remain undisclosed; however, the US might consider lifting recent export controls on semiconductors if China accelerates the delivery of essential rare earths and magnets.
