#USChinaTradeTalks

US-China trade talks are scheduled to take place in London today, June 9, 2025. These talks aim to address the ongoing trade dispute between the two superpowers, which has led to tit-for-tat tariffs and export controls affecting global supply chains.

*Key Discussion Points:*

- *Tariffs*: The US has imposed tariffs of up to 145% on Chinese goods, while China has retaliated with tariffs of up to 125%. Both countries have agreed to temporarily reduce these tariffs, with the US cooling its tariffs to 30% and China's to 10%.

- *Trade Practices*: The US has expressed concerns over China's intellectual property theft, forced technology transfers, and unfair subsidies.

- *Global Economic Impact*: The trade war has rattled global markets, with the World Trade Organization warning of a potential 0.2% decline in global trade this year.

*Recent Developments:*

- China has expressed openness to easing trade tensions, but emphasizes the need for the US to respect international trade rules and address the negative impact of its unilateral tariffs.

- The US and China have held previous talks in Geneva, where they agreed to a temporary pause on the highest tariffs.

- The upcoming talks in London will be led by top officials from both countries, including Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng.