US and China held a second day of trade talks in London, aiming to de-escalate trade tensions. Top officials from both sides are present, discussing issues like rare earth minerals, technology access, and the US trade deficit. While President Trump reported "good reports," analysts remain cautious about significant breakthroughs. China has shown reluctance to fully ease its control over rare earth exports, citing domestic needs. The talks continue, with the possibility of extending beyond Tuesday. The UK is providing the venue but is not directly involved.

Prepared by Christopher Adams and reviewed by editorial team.