#USChinaTradeTalks High-level trade talks between the United States and China resumed in London on June 9, 2025, as both sides aim to ease long-standing economic tensions. U.S. Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng are leading the negotiations following a 90-day tariff truce agreed upon in May. Although the rollback of tariffs brought temporary relief, deeper issues—such as technology restrictions and geopolitical frictions—remain unresolved.

A central topic in the talks is the use of export controls. The U.S. is pushing for more access to China's rare-earth minerals, while China is demanding fewer restrictions on sensitive technologies like AI chips. These disagreements have intensified since the U.S. imposed new export bans without full internal consensus, prompting Beijing to delay export licenses, highlighting how national security concerns are increasingly driving trade policy.

The outcome of the talks could have wide-reaching effects on global markets. Optimism has boosted Asian stock indices, but China's sharp 34% drop in exports to the U.S. last month underscores the damage already done. While President Trump has expressed cautious hope, the road to a lasting resolution remains complex and uncertain.