00:00Officials from the US and China are meeting in London for a second day of high-level trade talks.
00:07The gathering of key figures from the world's two biggest economies began yesterday,
00:11following an earlier round of talks in Geneva last month.
00:15Chinese Vice Premier He Liefeng is leading Beijing's delegation,
00:20alongside Commerce Minister Wang Wentao and China's International Trade Representative Li Chenggang.
00:26Meanwhile, Treasury Secretary Scott Vessant, Commerce Secretary Howard Lutnick
00:31and Trade Representative Jameson Greer are part of the US team.
00:36The talks are being held at London's historic Lancaster House, run by the UK Foreign Office.
00:42It comes after Washington accused Beijing of violating their Geneva deal to de-escalate high tariffs.
00:49A key point of contention was China's shipment of rare earths, crucial to goods including electric vehicle batteries.
00:57The issue was also raised last week in US President Donald Trump's first call with Chinese President Xi Jinping
01:03since his return to the White House.
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