US-China trade talks start in London aiming to ease export curbs

Talks between the U.S. and China kicked off in London, with the U.S. signaling a willingness to remove restrictions on exports in exchange for assurances that China is easing limits on rare earth shipments.

The meeting, set to start Monday just after 1 p.m. local time, is expected to extend into the U.K. evening and might spill into Tuesday.

The Trump administration expects that “after the handshake” in London, any export controls from the U.S. will be eased and rare earths will be released by China, Kevin Hassett, head of the at the White House’s National Economic Council, told CNBC. It was the clearest signal yet that the U.S. is willing to offer such a concession.

The first round of negotiations since the teams met a month ago is aimed at restoring confidence that both are living up