The first day of talks between China and the US in London has concluded, and they will continue the next day.
The talks lasted for 6 hours, held at Lancaster House near Buckingham Palace. They concluded at around 20:00 local time (03:00 Beijing time on Tuesday), and there will be another meeting at 10:00 on Tuesday morning (17:00 Beijing time).
After the talks, U.S. Treasury Secretary Basant and Commerce Secretary Lutnik both spoke to reporters.
Besent stated that a "good meeting" took place, while Lutnik described the discussions as "productive."
Trump told reporters at the White House that all the news he received was good.
The Chinese side did not comment to the media upon departure. Continuing the previous style, it adopted a strategy of "looking at actions, not words."
One detail worth noting is that neither side made a statement after the first day of the first (Geneva) talks. However, this time the U.S. side took the initiative to express "good" and "productive" — a significant shift in tone that creates an atmosphere of "mild confrontation" rather than "intense conflict" for the market.
The US side attempts to guide market sentiment, while the Chinese side avoids overextending its chips. The two sides are out of sync, but both are reserving negotiation space for the "next day."
The U.S. side hinted at a willingness to relax export controls in exchange for China easing restrictions on rare earth exports.
White House National Economic Council Director Hassett stated in an interview with CNBC that the U.S. export controls will be relaxed, and China will also release rare earths. The purpose of the talks is to ensure that they are serious, but in reality, it is to shake hands and make peace.
Bloomberg quoted sources familiar with the matter as saying that the U.S. is preparing to lift a series of restrictions recently imposed on chip design software, aircraft engine components, chemicals, and nuclear materials (many of which were implemented amid rising tensions between the two countries in recent weeks).
Trump has not made a commitment to lift export restrictions. When asked about the possibility of lifting the export restrictions, he told reporters, "We will wait and see."
Market trends are the best answer: The Dow Jones Industrial Average and S&P 500 are flat, while the Nasdaq index is up 0.31%.
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Six-hour talks on the first day: the market has already provided the answer.
The first day of talks between China and the US in London has concluded, and they will continue the next day.
The talks lasted for 6 hours, held at Lancaster House near Buckingham Palace. They concluded at around 20:00 local time (03:00 Beijing time on Tuesday), and there will be another meeting at 10:00 on Tuesday morning (17:00 Beijing time).
After the talks, U.S. Treasury Secretary Basant and Commerce Secretary Lutnik both spoke to reporters.
Besent stated that a "good meeting" took place, while Lutnik described the discussions as "productive."
Trump told reporters at the White House that all the news he received was good.
One detail worth noting is that neither side made a statement after the first day of the first (Geneva) talks. However, this time the U.S. side took the initiative to express "good" and "productive" — a significant shift in tone that creates an atmosphere of "mild confrontation" rather than "intense conflict" for the market.
The US side attempts to guide market sentiment, while the Chinese side avoids overextending its chips. The two sides are out of sync, but both are reserving negotiation space for the "next day."
White House National Economic Council Director Hassett stated in an interview with CNBC that the U.S. export controls will be relaxed, and China will also release rare earths. The purpose of the talks is to ensure that they are serious, but in reality, it is to shake hands and make peace.
Bloomberg quoted sources familiar with the matter as saying that the U.S. is preparing to lift a series of restrictions recently imposed on chip design software, aircraft engine components, chemicals, and nuclear materials (many of which were implemented amid rising tensions between the two countries in recent weeks).
Trump has not made a commitment to lift export restrictions. When asked about the possibility of lifting the export restrictions, he told reporters, "We will wait and see."
This is a "cautiously optimistic" event.