#USChinaTradeTalks US–China Trade Talks Resume in London

1. Background & Stakes

After a 90-day truce brokered in Geneva (May 2025)—which saw U.S. tariffs drop from 145% to 30% and China’s from 125% to 10%—tensions have reignited. Friction over semiconductors, rare-earth minerals, and student visas threatens to derail progress.