On June 9, 2025, the United States and China achieved phased results in their trade negotiations, holding the second round of high-level consultations in London, UK. This meeting focused on three core issues: tariff adjustments, rare earth resource management, and technology export restrictions, aiming to alleviate tensions between the two countries in the supply chain and high-tech sectors.

According to the 'Joint Statement of the Sino-U.S. Geneva Economic and Trade Talks,' the United States has suspended the implementation of 24% tariffs on China for 90 days and has reduced the highest tax rate from 145% to 30% (including 10% equivalent tariffs and 20% fentanyl tariffs), while canceling 91% of retaliatory tariffs. China, in turn, has committed to increasing its agricultural purchases from the United States and strengthening intellectual property protection.