$BTC Here are the top three succinct updates on the U.S.–China trade talks in London:

High-level meeting kicks off in London

U.S. officials—including Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick, and USTR Jamieson Greer—have convened with China’s Vice Premier He Lifeng in London, aiming to build on the 90‑day tariff truce achieved in Geneva earlier this May .

Focus on export controls and rare earths

With tariffs largely paused, both sides are zeroing in on export controls—U.S. pressure to expedite rare-earth mineral shipments, and China pushing back against U.S. tech export restrictions, especially around semiconductors and AI chips .

Economic data adds urgency

China’s exports to the U.S. plunged 34% in May—the steepest drop since early 2020—as domestic data shows both consumer and producer prices falling, underscoring the importance of reaching a