#USChinaTradeTalks Here is a concise summary of the US–China trade talks in London today (June 9, 2025):

🎯 Context & Delegation

This meeting is a continuation of the 90-day tariff truce announced on May 12 in Geneva, aimed at easing trade tensions.

The main US delegation consists of Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick, and Trade Representative Jamieson Greer. From China, Vice Premier He Lifeng was present.

🔍 Agenda & Key Issues

1. Rare-Earth Metal Exports

China dominates the global supply of rare earths, controlling up to 70–90% of the value-added supply chain. Slow export licensing has come under scrutiny, with China offering a fast track for EU buyers.

2. Advanced Technology Export Controls

The US highlighted restrictions on AI chip and jet engine exports; China responded by criticizing US policies and demanding the removal of these restrictions.

3. Visa Issues & Technology Access

Visa bans for Chinese students and US technology export bans have added to tensions, becoming an additional topic.

🌍 Market Impact & Investment Sentiment

Asian stock markets showed mild optimism: Hang Seng, Nikkei, and Asia-Pacific indices rose about 0.7–1%.

The US dollar weakened by about 0.3%, stimulating a rise in gold and platinum prices.

Investors are cautious, as this meeting is likely to result in short-term agreements and is vulnerable to disruptions—generally perceived as “positive but limited.”

🧭 Conclusion & Potential Forward

The main hope is for a pragmatic agreement: approval to expedite rare-earth export licenses, purchases of US products, and possibly cooperation related to fentanyl control.

However, China’s economic structure (“dual-circulation”) and the US’s protectionist approach make systemic reforms appear unrealistic in the near term.

This meeting is more touted as a “middle ground for journalists” between market pressures and geopolitical tensions—positive market reactions remain offset by low expectations for significant breakthroughs.