Representatives from the two sides will meet again soon, and the US has now added Secretary of Commerce Howard Lutnick to the team alongside Secretary of the Treasury Scott Bessent and United States Trade Representative Jamieson Greer. Commerce oversees export controls, so it is likely Lutnick is there because US export controls that have so angered China are on the table. The PRC side has been smart in building up their export control regime around rare earths, and especially rare earth magnets, and saying they are about national security not trade, just like the US positions its export controls
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Xi and Trump have a call, Geneva "truce…
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Representatives from the two sides will meet again soon, and the US has now added Secretary of Commerce Howard Lutnick to the team alongside Secretary of the Treasury Scott Bessent and United States Trade Representative Jamieson Greer. Commerce oversees export controls, so it is likely Lutnick is there because US export controls that have so angered China are on the table. The PRC side has been smart in building up their export control regime around rare earths, and especially rare earth magnets, and saying they are about national security not trade, just like the US positions its export controls