As of today, June 9, 2025, high-level trade talks between the United States and China are underway in London. U.S. officials, including Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick, and Trade Representative Jamieson Greer, are meeting with Chinese Vice Premier He Lifeng to discuss key issues such as rare-earth mineral exports and access to advanced technology.
These discussions follow a fragile 90-day truce established in May, which reduced mutual tariffs to 10%. However, China's exports to the U.S. have sharply declined by 34% year-over-year in May, underscoring the ongoing trade tensions.
Markets are reacting cautiously to the talks. U.S. stock futures dipped slightly ahead of the meeting, while Asian stocks rallied, buoyed by renewed optimism.
Investors are closely monitoring these negotiations, as any developments could significantly impact global markets and economic stability.
⚠️ Stay alert, because the outcome here could send ripples across every market, including crypto.
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