#USChinaTradeTalks

US-China trade talks are happening today in London, with US Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick, and Trade Representative Jamieson Greer meeting with China's Vice Premier He Lifeng. These talks come after a tumultuous period in US-China relations, particularly with regards to trade policies under President Donald Trump's administration.

Key Points to Know

- *Trade War Background*: The US-China trade war began in 2018 when President Trump imposed tariffs on China, claiming unfair commercial practices and intellectual property theft. China retaliated with tariffs on US goods like automobiles and soybeans.

- *Current Developments*: With Trump's return to the White House, tensions have escalated again, and the US-China trade war is expected to intensify, potentially disrupting global supply chains and impacting consumer price index inflation.

- *Market Impact*: The talks have influenced markets, with the US dollar and gold prices experiencing fluctuations. Investors are eagerly awaiting the outcome, which could affect interest rate decisions by the US Federal Reserve.

Market Reactions

- *Gold Price*: Gold prices are trading cautiously around $3,300, influenced by the upcoming trade talks and US consumer inflation data expected on Wednesday.

- *US Dollar*: The US dollar index is slightly bearish, trading below 99.00, amid cautious market sentiment.

- *Cryptocurrency Market*: The broader cryptocurrency market is edging higher but faces headwinds due to trade uncertainty ¹ ².