#USChinaTradeTalks Recent US–China trade talks in London aim to build on the Geneva “tariff truce,” targeting critical issues like rare‑earth exports, semiconductors, and intellectual property en.wikipedia.org+4reuters.com+4bloomberg.com+4. Tensions eased after Trump and Xi’s phone call, leading to temporary tariff reductions—US rates fell from 145% to 30%, China’s from 125% to 10%—with both sides agreeing to resume rare‑earth shipments en.wikipedia.org+2apnews.com+2thedailybeast.com+2. Meanwhile, China’s bank lending tripled in May amid this pause youtube.com+15reuters.com+15reuters.com+15. Markets reacted positively: global equities and oil rose on optimism, and gold found support from improved sentiment apnews.com. Despite promising signs, substantive structural reforms remain unresolved, making future progress uncertain