Key Takeaways U.S. and China officials met in London Monday to defuse the trade war between the world's two largest economies.A key issue will be China's restrictions on exporting rare earth minerals,

Officials from both sides are meeting on Monday in London, aiming to resolve differences over tariffs and supply chains that have endangered a fragile truce between the countries.

Trade talks between the US and China got underway this afternoon in London. The Trump administration is signaling a willingness to remove restrictions on exports imposed as part of its global trade war in exchange for assurances that China is easing limits on rare earth shipments.