The new round of trade talks between the United States and China returns to London on June 9, 2025, after a temporary truce was reached in Geneva last month. At the top of the agenda are complex issues such as tariffs, rare earth exports, and controls on advanced technology licenses like chips. The U.S. delegations included the Secretaries of Finance and Commerce, while the Chinese side is represented by Vice Premier He Lifeng.

Why is this important for the crypto world?

1. Mining costs: Rare earth metals are used in the manufacturing of mining devices. Any facilitation of exports could lower costs and increase production capacity.

2. Risk appetite morale wave: Any breakthrough in trade tensions boosts market appetite for high-risk assets like Bitcoin and Ethereum, while escalation would make them an alternative safe haven.

3. Price volatility: The market watches the news with concern; futures prices for stocks have fallen in anticipation of the dialogue's outcome, which has also affected the price movement of Bitcoin, which slipped below $106,000 before the talks.