Officials from the world’s largest economies will try to strike a deal Tuesday to relax painful export restrictions that they have imposed on each other.
If the United States and China have succeeded at one thing this year, it is finding each other’s pain points. An initial clash over tariffs has grown in recent months into a competition over which country can weaponize its control over the other’s supply chains.
China has clamped down on global shipments of rare minerals that are essential to building cars, missiles and a host of electronic products. The United States has in turn paused shipments to China of chemicals, machinery and technology including software and components to produce nuclear power, airplanes and semiconductors. As the conflict has escalated in recent weeks, it has caused Ford Motor and other companies to suspend some of their operations.
Both countries are now trying to find a way to defuse the situation. Top-ranking officials from the two sides are meeting on Tuesday for a second day of trade negotiations at Lancaster House in London, a historical site that has long been a stage for international treaties. They gathered just days after President Trump held a 90-minute phone call with Xi Jinping, the Chinese leader — the first time the two heads of state had spoken directly since Mr. Trump returned to office in January.
For the rest of this article: https://www.nytimes.com/2025/06/10/business/economy/china-us-trade-talks.html