彭博：特朗普称中国“不容易”，贸易谈判将于周二恢复

Investment Rating - The report does not provide a specific investment rating for the industry Core Insights - The trade negotiations between the US and China are ongoing, with both sides aiming to ease tensions related to technology and rare earth element transportation [2][8] - The US is considering lifting some technology export restrictions in exchange for China easing its rare earth export limitations, which are crucial for various industries [8][11] - The discussions are seen as a potential turning point in US-China relations, with hopes that they may lead to a reduction in tariffs and a restoration of trade balance [17] Summary by Sections Trade Negotiations - The US and China held a lengthy meeting in London, with both sides expressing optimism about the discussions [2][5] - US Treasury Secretary Scott Benset and other officials described the talks as "good" and "productive" [2][11] Export Controls - The US is prepared to remove certain export controls on items like chip design software and jet engine parts, which were implemented amid rising tensions [11][17] - However, there is no commitment from President Trump regarding the removal of all export restrictions, particularly concerning advanced AI chips from Nvidia [11][14] Economic Impact - The report highlights a significant drop in China's exports to the US, with a nearly 20% decrease in May, marking the largest decline since the pandemic began [17] - The ongoing trade tensions have created uncertainty for businesses trying to navigate sudden policy changes, impacting both economies [17]