#USChinaTradeTalks US-China trade talks are ongoing, with the latest round of negotiations taking place in London. The talks aim to address trade tensions and potential tariff adjustments between the two countries. Here's what's been happening ¹ ²:

- *Trade Tensions*: The US has imposed 50% tariffs on steel and aluminum imports, while China has taken retaliatory measures. Canada, Mexico, and the European Union have expressed frustration and threatened to retaliate if no progress is made.

- *Recent Developments*: The US and China previously agreed to suspend certain tariffs for 90 days, with the US suspending 24 percentage points of its additional ad valorem rate on Chinese articles. China reciprocated by suspending 24 percentage points of its additional ad valorem rate on US articles.

- *Current Talks*: The ongoing talks in London are expected to focus on resolving trade disputes and potentially reducing tariffs. The outcome may impact global markets, including gold prices, which have been sensitive to trade tensions.

- *Key Issues*: The trade war between the US and China has led to disruptions in global supply chains, reduced spending, and increased inflation. The talks aim to address these issues and restore stability and trust between the two nations.

Some potential outcomes of the talks include ³:

- *Tariff Adjustments*: Possible reduction or suspension of tariffs on certain goods, which could boost trade and economic cooperation.

- *Non-Tariff Countermeasures*: China may suspend or remove non-tariff countermeasures taken against the US since April 2, 2025.

- *Establishment of a Mechanism*: The US and China may establish a mechanism to continue discussions on economic and trade relations, potentially leading to more stable and predictable trade policies.

The talks are being closely watched by markets, with investors assessing the potential impact on the global economy and trade relationships.