#TrumpTariffs

On June 9, 2025, high-level trade negotiations took place in London between the United States and China, aimed at easing tensions in the trade dispute. These talks were a continuation of a previous agreement reached in Geneva, which temporarily lowered tariffs and caused a global market rally. The American delegation was led by Treasury Secretary Scott Bessent, Commerce Secretary Howard Latnik, and Trade Representative Jamie Greer, while the Chinese delegation was led by Vice Premier He Lifeng.

The main topic of discussion was China's export restrictions, particularly the cessation of critical mineral supplies in April, which impacted global supply chains in sectors such as automotive, aerospace, and defense industries. During a phone call between Presidents Trump and Xi Jinping, a preliminary agreement was reached to restore the supply of critical minerals.

Despite the concessions made, unresolved issues remain, including Taiwan, fentanyl trade, and systemic economic discrepancies. Negotiations are ongoing, but the path to a comprehensive resolution remains challenging.