#USChinaTradeTalks Trade negotiations between the USA and China are gaining momentum, like a barbecue on a hot summer day. As of May 2025, both countries agreed to lower tariff rates — a dramatic reduction from 145% to 30% (USA) and from 125% to 10% (China) over a 90-day negotiation period. This move is not trivial. China supplies about 70% of American imports of rare earth elements and controls over 90% of the global rare earth elements market. These negotiations could seriously alter global supply chains. Meanwhile, Beijing is showcasing its ambitions of "Made in China 2025," dominating in high-speed rail sectors. If this 90-day timeout ends.