The US-China trade talks are currently taking place in London, with both countries trying to ease tensions and work toward a better economic relationship. The meetings include top officials from both sides — the US delegation is made up of Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick, and Trade Representative Jamieson Greer, while the Chinese team is led by Vice Premier He Lifeng.
A few key issues are on the table. One of the biggest is tariffs. After a recent 90-day truce, both countries have temporarily lowered tariffs— the US from 145% to 30%, and China from 125% to 10%. This move has helped create a more constructive atmosphere for the talks.
Another topic is the trade of rare earth minerals, which are crucial for a range of technologies. The US is also pushing for better access to Chinese markets, especially for American tech firms, while China is likely to raise concerns about restrictions affecting its own companies.
Immigration policies are also expected to come up, since tighter US rules have had an impact on trade and talent movement, especially in tech and research sectors.
So far, markets have reacted with cautious optimism. Asian stocks, especially in Hong Kong, have gone up slightly, while US markets are holding steady as investors wait to see how the talks unfold.
Even though both sides have shown a willingness to engage, no one’s expecting a major breakthrough. These talks might help slow the slide in US-China trade relations, but big changes aren’t likely just yet.
