USCBC 2025 Member Survey Panel Discussion
Member Exclusive
US and China Slow to Take First Steps After Signing London Framework
Key Takeaways
- The focus has shifted from tariffs to export controls, with the two countries using license approvals to exert leverage.
- The new framework has put a floor under the situation for now, but both sides are reluctant to begin drawing down restrictions.
- Any perceived slowdown in China’s rare earth element and magnet approvals could provoke new US trade actions.
