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Lutnik: Progress is smooth on the second day of US-China trade negotiations.
[Lutnick: Progress in US-China Trade Talks on Second Day] US Secretary of Commerce Howard Lutnick ( Howard Lutnick ) said on Tuesday that the trade talks with China are progressing smoothly. The two sides held their second day of talks in London, seeking breakthroughs on export control issues. Export control issues could lead to a rift between the two superpowers again. Last month, the United States and China reached a preliminary agreement in Geneva to lift the comprehensive trade embargo. Previously, Washington accused Beijing of blocking exports of rare earth minerals that are crucial to its economy, leading to strained relations between the two countries. Currently, officials from both the U.S. and China are trying to get back on track.