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A major trade thaw is under way.

The United States and China are back at the negotiating table, this time in London. Since the two sides last met in Geneva, U.S. President Donald Trump has accused Beijing of blocking the export of rare earths, and announced additional chip curbs and threatened to revoke U.S. visas of Chinese students. In turn, China said Washington’s decisions as reneging on its trade promises.

Trade will also be in the air at Kananaskis, Alberta, where Canada is hosting the G7 summit starting June 15. Behind the scenes, the U.S. and Canada are working on a trade and security deal, which could lead to an agreement on the sidelines of the summit, according to a media report.

The picturesque Alberta town could also serve as the location of a Canada-India reset, with Prime Minister Mark Carney inviting Indian Prime Minister Narendra Modi to the G7 summit—despite diplomatic tensions between the two countries. The move is seen as Carney’s effort to recalibrate its trading relationships in the Indo-Pacific region, as it looks to markets beyond the United States.

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