Trump May Ease Chip Restrictions in China Trade Deal | JQJO

US and China initiated high-stakes trade talks in London, with White House official Kevin Hassett suggesting President Trump might ease chip export restrictions to China in exchange for increased rare earth exports. This represents a potential shift from the Biden administration's stricter policies. The talks, led by Treasury Secretary Scott Bessent for the US and Vice-Premier He Lifeng for China, aim to resolve disputes over rare earth exports and tariffs imposed during the trade war. Hassett expects a swift agreement, easing export controls and increasing rare earth supply. The deal would follow a recent temporary tariff reduction agreed in Geneva and address China's significantly reduced exports to the US in May.