#USChinaTradeTalks 🏛️ What’s Happening in London

High-level delegations from both nations are meeting in London (Treasury Sec. Scott Bessent, Commerce Sec. Howard Lutnick, U.S. Trade Rep. Jamieson Greer vs. China’s Vice Premier He Lifeng) as part of a 90-day tariff truce agreed in Geneva .

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🎯 Goals & Key Talking Points

Resume Geneva deal: Both sides aim to re‑energize the temporary rollback of steep tariffs, though progress remains cautious .

Rare‑earth exports: A major priority—China resumed shipments after the Trump–Xi call, but restrictions remain a flashpoint .

Export controls & tech: The U.S. is pushing back on China’s export filtering and America’s restrictions on Chinese technology firms .

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💬 Background Context

Trump–Xi phone call (June 5): They had a 90-minute conversation focused almost entirely on trade, paving the way for today’s face‑to‑face meeting .

Economic pressures: May data showed China’s exports to the U.S. plunged ~34–35% year‑on‑year, plus deflation, signaling urgency on both sides .