#USChinaTradeTalks

🗓️ What is happening?

Delegations from the USA and China are meeting today, Monday, June 9, 2025, in London (Lancaster House) to continue negotiations regarding the suspension of tariffs and trade disputes – including the key issue of rare earth metal exports .

Key participants:

• From the USA: Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick, and Trade Representative Jamieson Greer .

• From China: Vice Premier He Lifeng, who has been in London from June 8 to 13, leading talks under a new economic and trade consultation mechanism .

The talks are a continuation of the 90-day tariff suspension established in Geneva on May 12, which temporarily reduced rates from 145% to about 30% (USA) and from 125% to about 10% (China) .

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🔍 Main points of contention and priorities

1. Rare earth metals

The USA is pushing for the resumption of exports of these strategic raw materials, essential in technology and defense – China is already partially easing restrictions by granting export licenses.

2. Export control of technology

Disputes are concerning the export of AI chips and restrictions related to Huawei. Lutnick's participation in London underscores the importance of these tasks.

3. Other issues

• Visas for Chinese students in the USA, accusations of China violating the Geneva agreement, semiconductor issues, and drug import problems (fentanyl).

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📉 Market reaction

• Futures prices are slightly down ahead of talks.

• Oil is stable (Brent ~66.50 USD/b, WTI ~64.60 USD/b), waiting for the outcome of the talks .

• Asian markets are rising – Hang Seng gained about 1.4% after optimistic signals .