#USChinaTradeTalks

Trade talks between the United States and China are still ongoing, with the final round of negotiations taking place in London. The talks aim to resolve the serious trade dispute between the two superpowers, which has escalated beyond tariffs to include export controls on essential goods and components.

*Key Developments:*

- *Tariff Reductions*: The two countries agreed to reduce tariffs by 115% while maintaining a 10% tariff, with China abolishing retaliatory tariffs and the United States suspending its reciprocal tariffs by 34% for 90 days.

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

- *Rare Earth Shipments*: China agreed to resume shipments of rare earth metals and magnets to the United States, which is critical for industries such as automotive, aerospace, and semiconductors ¹ ². *Upcoming Talks:*

- *London Meeting*: The U.S. and Chinese delegations, led by Treasury Secretary Scott Pient and Vice Premier He Lifeng, respectively, will discuss trade and economic issues.

- *Agenda*: The talks will focus on easing the trade dispute, export controls, and essential goods and components².