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US, China hold trade talks in London
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Both countries are under pressure to relieve tensions, with the global economy under stress from Chinese control over the rare-earth mineral exports and investors anxious about Trump's tariffs.
U.S. Commerce Secretary Howard Lutnick said trade talks with Chinese officials were going well and he hoped they would end on Tuesday night, but said they could run into Wednesday. "I hope they end this evening,
One expert said he expected loosened controls on U.S. exports of semiconductors in exchange for China's releasing of more rare earths.
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