Treasury Secretary Scott Bessent will be departing London, leaving Commerce Secretary Howard Lutnick and US Trade Representative Jamieson Greer to finalize the details with the Chinese trade delegation.

Apparently, the talks have been very productive according to Bessent and extended well beyond the previously scheduled timeline as they get very specific with the expectations and terms of compliance.

LONDON – U.S. Treasury Secretary Scott Bessent said Tuesday he is departing ongoing trade talks with China because he has to travel to Washington, D.C., to testify before Congress the next day.

Commerce Secretary Howard Lutnick and U.S. Trade Representative Jamieson Greer will remain in London to continue the negotiations with Beijing, which are still underway after two lengthy days of talks, Bessent said.

Lutnick said earlier that the parties were “trying to finish” by Tuesday evening.

The talks have been “productive,” Bessent said as he left the ornate Lancaster House near Buckingham Palace where the discussions are taking place. The remaining negotiators “are continuing as needed with the Chinese delegation,” he added.

The two economic superpowers are meeting for the second time in as many months as they seek to sort out key differences during a volatile moment in their ongoing trade war.

The discussions are expected to center on hashing out an agreement to ease U.S. controls on exports to China in exchange for Beijing committing to free up its export of key minerals known as rare earths.

Disputes over rare earths and export controls emerged in the weeks after trade talks in Geneva, Switzerland, led both sides to temporarily pare back most of the tariffs on each others’ goods.

The Chinese delegation included Vice Premier He Lifeng, Commerce Minister Wang Wentao and top trade negotiator Li Chenggang. (LINK)

Apparently, the pandas do not want face time with Peter Navarro.  lol

While each of the trade Wolverines have teeth, Howard Lutnick is the enforcer. The prior issue of importance surrounded promises made in Geneva to Bessent and Greer on the continuation of mined and refined rare earth minerals from China needed in batteries.

The addition of Lutnick is akin to President Trump saying, go ahead and make the promise again – only this time Lutnick will be there to spell out the consequences of inaction.

President Trump did not send Peter Navarro, yet, because Beijing hates him too much.  It would be impolite to expose the Pandas to their arch nemesis.  However, if things don’t go well, we might just see Navarro on the upcoming trip to China with President Trump. lolol