#USChinaTradeTalks

Here’s the latest on the #USChinaTradeTalks:

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🧩 What’s Going On

Where and Who

High-level delegations from the U.S. (led by Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick, and Trade Representative Jamieson Greer) and China (led by Vice Premier He Lifeng, Commerce Minister Wang Wentao, and negotiator Li Chenggang) are meeting at Lancaster House in London. Talks began June 9 and have extended into a second day to hammer out details .

Core Issues

Rare earth mineral exports: The U.S. is pushing for China to resume and increase shipments of rare earths and magnets—vital for autos, defense, and AI chips .

Export controls & tech access: The U.S. wants easing of semiconductors and other tech export restrictions .

Background & Context

A 90-day tariff truce was struck in Geneva on May 12, reducing U.S. tariffs from ~145% to 30% and China’s to ~10%