#USChinaTradeTalks US-China trade talks are ongoing, with the latest round of negotiations taking place in London. The talks aim to resolve the high-stakes trade dispute between the two superpowers, which has escalated beyond tariffs to export controls on critical goods and components.

*Key Developments:*

- *Tariff Reductions*: Both countries agreed to reduce tariffs by 115% while retaining a 10% tariff, with China removing retaliatory tariffs and the US suspending its 34% reciprocal tariff for 90 days.

- *Trade Deficit*: The US goods trade deficit with China was $295.4 billion in 2024, and the talks aim to address these imbalances.

- *Rare Earths Shipments*: China agreed to resume shipments of rare earths minerals and magnets to the US, which is crucial for industries like automotive, aerospace, and semiconductors ¹ ².

*Upcoming Talks:*

- *London Meeting*: US and Chinese delegations, led by Treasury Secretary Scott Bessent and Vice Premier He Lifeng, respectively, will discuss trade and economics.

- *Agenda*: The talks will focus on defusing the trade dispute, export controls, and critical goods and components ².

*Implications:*

- *Global Economy*: The trade dispute has roiled the global economy, and a resolution could bring relief to investors and markets.

- *Supply Chains*: The talks aim to stabilize supply chains, particularly for critical minerals and components ².