This is Andrew Peach with World Business Report.
Good to have you with us.
Today, with trade tariffs slowing down growth in China,
the US wants to talk about rare earth minerals.
We'll have the latest on trade negotiations taking place in London.
We've also got lots of food on the programme today
as we meet meat producers in Spain who are concerned about US tariffs.
Spain is the largest pork producer in Europe.
It's the third largest producer in the world.
Iberian ham is one of the most iconic gastronomic products from Spain.
And we'll hear how the cost of butter is soaring in New Zealand,
even though much of it is made there.
There have also been schools that have been doing fundraisers.
You might usually do like a cake stall or something.
A school down in Christchurch has instead decided to sell butter.
Let's start, though,
with those talks in London between negotiators from the US and China trying to defuse the trade war.
Trade restrictions are hurting their economies for sure.
China's export growth slowed to a three-month low in May.
US companies want Beijing to resume exports of rare earth minerals that they need to manufacture things like cars.