#USChinaTradeTalks Amidst Rising Tensions

London, UK - High-level trade delegations from the US and China are meeting today, June 9, 2025, in London for critical talks. These negotiations aim to salvage a fragile tariff truce agreed to last month, which both sides accuse the other of breaching.

The temporary agreement in Geneva saw the US lower tariffs on Chinese goods to 30% (from 145%) and China reduce duties on US imports to 10% (from 125%). However, renewed tensions have emerged. The US claims China hasn't eased restrictions on rare earth magnet exports and alleges that Huawei's Ascend AI chips may violate US export controls. China, in turn, accuses the US of halting chip design software sales, warning against Huawei chip use, and canceling student visas.

Despite recent optimistic comments from US President Donald Trump and Chinese leader Xi , key sticking points remain around rare earth minerals and technology restrictions. The ongoing dispute has significantly impacted global economic growth, with China reporting a 34.5% year-on-year drop in exports to the US in May and increasing deflationary pressures.

The American delegation is led by Commerce Secretary Howard , Treasury Secretary Scott , and Trade Representative Jamieson Greer. China is represented by Vice Premier He .

Achieving a comprehensive deal will be challenging given the complexity of the issues and recent accusations. The primary goal of these talks is to stabilize the truce and ease trade tensions.