Top officials from the US and China are meeting in London to further discussions aimed at easing the ongoing trade war between the two nations, with Treasury Secretary Scott Bessent leading the US delegation and China’s Vice Premier He Lifeng representing China. The dialogue follows a preliminary agreement reached in Geneva to reduce tariffs temporarily, and recent discussions between Presidents Trump and Xi Jinping, during which Xi agreed to resume shipments of rare earth minerals to the US. However, trade tensions continue to affect global markets, with data showing a significant decline in China’s exports to the US and increased deflationary pressures in China.
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