#USChinaTradeTalks

High-level U.S. and Chinese officials met June 9, 2025 in London’s Lancaster House to reinforce a fragile trade truce established in Geneva last month . U.S. leaders—Treasury Secretary Bessent, Commerce Secretary Lutnick and Trade Representative Greer—faced Chinese Vice Premier He Lifeng to discuss sticking points: rare‑earth export limits, tech restrictions and tariff rollbacks . Markets cheered modest tariff reductions and Beijing’s signalling by resuming rare‑earth licenses and Boeing aircraft deliveries . Still, a sharp 34.5 % drop in China’s U.S. exports in May underscores persistent tensions . Both nations expressed cautious optimism, though deeper issues remain unresolved.