US-China Diplomatic Talks Resume Amidst Rare Earth Tensions

On May 23, 2025, a significant diplomatic event unfolded as Chinese Vice Foreign Minister Ma Zhaoxu and US Deputy Secretary of State Christopher Landau engaged in their first phone conversation since the Geneva meeting. This call marks a crucial step in restoring communication between the two global powers. In a joint statement, both officials underscored the importance of keeping open lines of communication, acknowledging progress on issues of mutual interest. The tone was positive, signaling a willingness to find solutions and avoid escalating tensions. However, a shadow of disagreement lingers, particularly regarding China's control of rare earth minerals, a critical resource for many technologies. Adding to the day's diplomatic activity, JP Morgan CEO Jamie Dimon met with Chinese Vice Premier He Lifeng, furthering discussions on economic and trade cooperation. While the rare earth issue remains a point of contention, the overall tone suggests a cautious optimism for improved relations between the US and China.