#USChinaTradeTalks *US-China Trade Talks Update – June 9, 2025*
Senior officials from the US and China are meeting in London today to address ongoing trade tensions. The US delegation includes Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick, and Trade Representative Jamieson Greer, while China's team is led by Vice Premier He Lifeng. [1]
Key discussion points include rare earth mineral exports, advanced technology access, and market entry for Chinese tech firms. These talks follow a 90-day tariff truce, during which both nations agreed to reduce tariffs—China from 125% to 10% and the US from 145% to 30%. [2][3]
China's exports to the US have declined by 34% in May, and the country is experiencing persistent deflation, increasing pressure to reach an agreement. [2]
Market reactions have been cautiously optimistic, with Asian stocks rallying and the Hang Seng index jumping 1.4% in early trading. [4]
While a comprehensive deal remains uncertain, these negotiations aim to ease tensions and maintain commercial ties between the two countries.