CHINA-US TRADE TALKS INITIATE IN LONDON AMID GLOBAL TENSIONS!

China and the US have initiated key trade talks in London, aiming to ease tensions and resolve their tariff row. The discussions, held at Lancaster House, come after a preliminary deal in Geneva agreed to roll back some tariffs. The US delegation, led by Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick, and Trade Representative Jamieson Greer, met with Chinese Vice Premier He Lifeng.

*Key Issues on the Agenda:

- Rare Earth Exports:The US is pressing China to resume rare earth shipments, crucial for electric vehicle batteries and other goods.

Tariffs:The US wants China to comply with the Geneva deal, while China seeks relief from US tariffs and restrictions on access to advanced technology.

Critical Minerals: China dominates rare earth exports, while the US restricts exports of key technologies like chip-design software and nuclear components.

Trade Balance:China's exports to the US fell 12.7% in May, while US exports to China were impacted by tariffs and trade uncertainty.

Global Implications:

Market Volatility: Global markets remain volatile amid fears of further economic fallout.

Trade Agreements:The US is also pursuing trade deals with India, South Korea, and Japan, with potential agreements impacting global trade dynamics .#USChinaTradeTalks