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China calls U.S. trade talks 'good' but quiet on next steps, as Trump hints at Xi call

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Chinese trade envoy Li Chenggang described talks with U.S. as "good" after their first high-level talks in Switzerland on May 12 led to a thawing in trade tensions.

China started blocking exports of several rare earth metals on April 4 in retaliation for Donald Trump's "liberation day" tariffs.

China is keeping a firm grip on its export controls on critical minerals.