๐๐โ๐๐ก๐ข๐ง๐ ๐๐ซ๐๐๐ ๐๐๐ฅ๐ค๐ฌ ๐๐๐ฌ๐ฎ๐ฆ๐ ๐ข๐ง ๐๐จ๐ง๐๐จ๐ง on 9th June ๐๐ฌ ๐๐๐ซ๐ ๐๐๐ซ๐ญ๐ก ๐๐๐ง๐ฌ๐ข๐จ๐ง๐ฌ ๐๐ฌ๐๐๐ฅ๐๐ญ๐
๐ Date: June 9, London
๐ Backdrop: After a TrumpโXi hotline call earlier this week, the US and China will restart formal trade talks.
๐งญ What's on the Agenda?
๐น Core Topics:
Tariff rollbacks
Rare earth export controls
๐น Key Participants:
US: Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick, USTR Jamieson Greer
China: Vice Premier He Lifeng
๐ Why It Matters
โก๏ธ Tariff Freeze in May:
In Geneva, both sides agreed to a 90-day pause on new tariffs and a gradual rollback of April's hikes.
โก๏ธ Market Relief:
After the Geneva deal, markets rebounded โ the S&P 500 is now just 2% below February's all-time high.
โก๏ธ But Tensions Are Rising Again:
Since then, the US has:
Blocked chip software sales to China
Revoked visas for CCP-linked Chinese students
Suspended export licenses for aircraft parts to COMAC
โ ๏ธ Rare Earths: The Real Flashpoint
China delayed approving export licenses for rare earths โ critical materials used in:
EV motors
Wind turbines
Military systems
๐ 2023 Data:
65% of US rare earth imports came from China
China controls:
๐ธ ~60% of global rare earth production
๐ธ ~85% of global processing capacity
โก๏ธ Impact: US automakers may be forced to slow production.
โก๏ธ Demand: The US wants immediate export resumption โ China is stalling.
๐งฉ Can the London Talks Succeed?
๐ฌ Analysts remain cautious:
Structural gaps remain wide
Trumpโs trade stance is still aggressive
China resists US tech-related restrictions
Markets fear a breakdown could trigger volatility
Butโฆ if successful, this round could:
Rebuild trust
Stabilize US-China trade
Calm global markets
๐งจ Bonus Context: Trumpโs Broader Moves
๐น Signed EO to shut down Department of Education
๐น Launching Bitcoin Strategic Reserve plan
๐น Rumored to end anti-crypto โde-bankingโ practices
๐ง Bottom Line:
The June 9 London talks arenโt just about tariffs โ theyโre about rare earth leverage, tech power, and global economic control.
