US hoping for ‘handshake’ from China at London trade talks; takeover flurry in the City – as it happened
by Graeme Wearden from Economics | The Guardian on (#6XVF2)
US hoping to get handshake from China over access to rare earths, at meeting in London today
The presence of US commerce secretary Howard Lutnick at today's talks in London is seen as directly related to China's export ban on rare earth minerals and permanent magnets, critical in aerospace, military and semi-conductor companies worldwide, my colleague Lisa O'Carroll reports.
After the call between Donald Trump and Xi Jinping last week, their first since Trump's inauguration in January, the US said Xi had agreed to resume shipments of rare earths to the US, breaking the logjam needed for talks to resume.
Continue reading...