#USChinaTradeTalks #WCTLaunchpool
The Geneva agreement in May temporarily reduced tariffs—U.S. tariffs on Chinese goods decreased from 145% to 30%, and China's tariffs on U.S. products fell from 125% to 10%—for a 90-day period . Despite this, China's exports to the U.S. plummeted by 35% in May, marking the steepest year-over-year decline since the early days of the COVID-19 pandemic .
Key issues on the table include China's export restrictions on rare earth elements, which are vital for high-tech industries, and U.S. limitations on advanced semiconductor exports and student visas for Chinese nationals . While the London talks are unlikely to yield immediate, comprehensive agreements, they are seen as a positive step toward reducing tensions and fostering more stable economic relations between the two nations .$ETH
