#USChinaTradeTalks

As of June 2025, the U.S. and China have entered a 90-day tariff truce, reducing import duties to ease trade tensions. Talks held in London focus on chip export restrictions and rare earth supply. China resumed some rare earth exports, while the U.S. may ease certain chip bans. Chinese exports to the U.S. fell 35% year-on-year in May, though partially redirected to Southeast Asia and the EU. Markets responded positively, and Boeing resumed plane deliveries to China. While progress is visible, deeper structural issues remain unresolved, and the outcome of the truce will shape future trade dynamics.