#USChinaTradeTalks The US-China trade talks are currently underway in London, with top aides of US President Donald Trump meeting their Chinese counterparts to discuss trade disputes between the two economies. The talks aim to ease tensions and potentially lower tariffs, which have been a major point of contention.

*Key Developments:*

- *Trade Negotiations*: US Secretary of the Treasury Bessent, Secretary of Commerce Lutnick, and United States Trade Representative Ambassador Greer are meeting with Chinese Vice Premier He Lifeng to discuss trade issues.

- *Tariffs*: The US had imposed 60% tariffs on China, which China may retaliate against. The goal is to lower the baseline and reduce trade barriers.

- *Market Impact*: The outcome of the talks will significantly impact global markets, including currency exchange rates and commodity prices ¹ ² ³.

*Market Reactions:*

- *Gold Prices*: Gold prices edged down 0.1% to $3,310.68 an ounce as optimism over possible easing of US-China trade tensions dampened bullion demand.

- *Currency Exchange Rates*: The US Dollar Index corrected to near 99.00, while the Indian Rupee jumped to near 85.50 against the US Dollar, following the Reserve Bank of India's pro-growth monetary policy announcement.

- *Cryptocurrency Market*: The broader cryptocurrency market edged marginally higher, but Bitcoin, Ethereum, and Ripple's XRP faced headwinds amid uncertainty surrounding the trade talks ³ ² ¹.

*Expert Insights:*

- Kelvin Wong, senior market analyst at OANDA, notes that short-term traders are cautious ahead of the talks, and while tariffs won't disappear, the negotiations may lower the baseline.

- The US-China trade war has led to disruptions in global supply chains, reduced spending, and increased inflationary pressures