The second round of Sino-US trade negotiations that Trump has long been waiting for has finally been put on the agenda.
The United States also claims that the rare earth issue will be the focus of this round of negotiations. It can be seen that rare earths have become the "heart disease" of the United States, but China is the party that truly holds the dominance.
China-US relations
On June 6, local time, Trump announced on social media that Sino-US trade negotiations will be officially launched in London next Monday, June 9.
Trump also told reporters that the personnel of the Washington delegation who had been confirmed for negotiations in London were Treasury Secretary Becente, Commerce Secretary Lutnik and Trade Representative Greer.
From the perspective of the candidates set in advance by the United States and high-level negotiators. Trump not only attaches great importance to this negotiation, but also looks forward to it for a long time.
The rare earth issue that Trump is thinking about can finally talk to China.
Rare Earth Resources
Although the United States is on the surface to resolve the recent trade dispute with China, the rare earth issue is the focus of the United States' negotiations with China this time.
Trump's senior trade adviser Peter Navarro expressed the idea directly to the media on Friday.
It can be seen that after China recently stepped up control of rare earths, the United States is in a hurry.
After all, some domestic companies in the United States have been shut down due to the lack of rare earths. As the "culprit" that leads to the lack of rare earths, Trump is under tremendous pressure from the country.
So Trump could not sit still. He first asked China twice in the media, and then directly undermined the China-US Geneva consensus, hoping to force China to give in on rare earths.
But China is not accustomed to Trump. Not only did he not pay attention to the United States on social media, but he also directly exposed the United States' tricks.
U.S. President Trump
When Trump used tricks many times but still did not achieve any results, he finally couldn't help but call China. During the call between China and the United States on June 5, the rare earth issue must be part of what Trump emphasized.
Because just the next day, US media had already released rumors that China had begun to issue temporary export licenses for rare earths to the three major automobile companies in the United States.
Trump also said in an interview with reporters that China has restarted the supply of rare earth magnets.
But we should note that China has only issued temporary rare earth export licenses to American automobile companies.
China still did not let go of the military industry and semiconductor field that Trump attaches most. And this is also a temporary rare earth export license, and some licenses are even valid for only six months.
Automotive Manufacturing Factory
So China still has complete dominance in rare earths. If the results of this negotiation are not ideal, then China can also suspend this "temporary" license at any time.
This time China's issuance of temporary rare earth licenses to American automakers not only represents part of China's sincerity before the negotiations, but also means to ease the tense economic and trade relations between China and the United States.
After all, China and the United States, as the two most important economies in the world, have maintained tensions. Then when other countries cooperate with China, they will inevitably worry about whether the United States will suppress and retaliate against it.
So China's refusal to U.S. automobile companies is also to send a positive signal to the outside world and alleviate the current tensions in countries around the world.
port trade
But China will still not give in to key U.S. industries in terms of rare earths. After all, rare earths are one of the important bargaining chips in China-US economic and trade negotiations.
What kind of progress will China and the United States make in this negotiation depends on the results of the negotiations between the two sides next Monday.
