US-China trade talks resumed in London, focusing on rare earth minerals and semiconductor technology. The talks follow a phone call between Presidents Trump and Xi, aiming to salvage a fragile truce reached in Geneva. While China showed conciliatory signs, approving some export licenses, disagreements persist over rare earth exports and US technology access. China's recent export figures show a slowdown, particularly to the US, amidst deflationary pressures within its economy.

Prepared by Rachel Morgan and reviewed by editorial team.