#USChinaTradeTalks US-China trade talks are back on the agenda, with delegations meeting in London following a recent phone call between Presidents Trump and Xi. This renewed dialogue comes after a "temporary truce" in May, which saw both sides reduce some tariffs, aiming for a broader deal within 90 days. However, immediate results have been mixed, with both nations accusing the other of breaching the initial agreement.

A key point of contention remains China's exports of critical minerals and rare earth materials, which Beijing had restricted in response to US tariffs. President Trump recently stated that Xi has agreed to resume these shipments, a crucial development for American industries. Despite this, China's overall exports in May were lower than expected, and deflationary pressures persist, highlighting the ongoing impact of trade tensions.

The future of US-China trade relations is still uncertain. While the resumption of talks offers a glimmer of hope, deeper structural issues surrounding industrial policy, subsidies, and technological competition remain. The global economy is closely watching, as a stable trade relationship between the world's two largest economies is vital for global growth and predictability.