US and China agree on plan to ease export controls
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President Donald Trump announced Friday that US and Chinese officials will meet in London on Monday to discuss trade between the two nations.
The first meeting of the China-US economic and trade consultation mechanism was held in London, Britain this week, which lasted two days. According to media reports, the second day of the talks stretched into the night on Tuesday (local time).
Oil prices rose to a seven-week high on Wednesday as markets assessed the outcome of U.S.-China trade negotiations, while pessimism over U.S.-Iran nuclear talks also provided support. Brent crude futures were up 82 cents,
As U.S. and Chinese negotiators meet for trade talks, a primary concern for Washington will be whether Beijing eases the flow of rare earth materials.