#USChinaTradeTalks Here’s an updated summary on U.S.–China trade:

High-level trade negotiations are currently underway in London on June 9–13, following a brief tariff truce agreed to in Geneva last month. The U.S. delegation—led by Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick, and Trade Representative Jamieson Greer—is focusing on export controls involving advanced semiconductors and critical rare‑earth minerals, highlighted by China’s pause on rare‑earth exports in response to U.S. restrictions .

These London talks come after a “very good” 90‑minute call on June 5 between President Trump and President Xi, in which China reportedly agreed to lift the export ban on rare earths . Despite a temporary slowdown (nearly 10%) in China’s May exports to the U.S., markets are reacting positively, with Asian equities and currencies reflecting cautious optimism .

However, key challenges remain—including semiconductor access, visa restrictions, Taiwan policy, fentanyl precursor control, and deeper structural policy differences—suggesting that significant breakthroughs are unlikely in the immediate term .