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U.S. and China to hold new trade talks next week over rare earth export tensions, following a constructive high-level call.
China and the U.S. have agreed to hold new trade talks next week following a high-level video call between Chinese Vice Premier He Lifeng and U.S. Treasury Secretary Scott Bessent, who described the discussion as candid and constructive.
The talks aim to address escalating tensions over China’s export restrictions on rare earth minerals, which the U.S. views as a strategic threat.
President Trump had previously threatened 100% tariffs and considered canceling a planned APEC summit meeting with Xi Jinping, but later confirmed he would attend.
The U.S. is coordinating with G7 allies on short-term supply chain responses, though reducing reliance on China’s dominant rare earth market could take years.
Both sides emphasized the need for continued dialogue to stabilize relations amid ongoing economic and trade disputes.
EE.UU. y China celebrarán nuevas conversaciones comerciales la próxima semana sobre las tensiones de exportación de tierras raras, tras una llamada constructiva de alto nivel.