#USChinaTradeTalks US-China trade talks are currently underway in London, with both countries seeking to shore up a shaky truce after bruising tit-for-tat tariffs. The talks, led by Chinese Vice Premier He Lifeng and US Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick, and Trade Representative Jamieson Greer, aim to address key issues such as ¹ ²:

- *Tariffs*: The US had imposed 50% tariffs on steel and aluminum imports, while China had countered with tariffs on US goods. Both sides agreed to suspend some tariffs for 90 days in a previous meeting in Geneva.

- *Rare Earths*: China has restricted exports of rare earth minerals, crucial for electric vehicle batteries and other goods, prompting the US to seek reinstatement of shipments.

- *Market Access*: The US wants China to ease restrictions on access to its market, while China seeks reduced US restrictions on Chinese tech providers and students.

The outcome of these talks could significantly impact global markets, including gold prices, which have been affected by trade tensions and safe-haven demand. A positive outcome could lead to increased market stability, while a failure to reach an agreement could exacerbate trade tensions ³.

Some potential implications of the trade talks include ¹:

- *Increased cooperation*: A successful agreement could lead to increased cooperation between the US and China, potentially boosting global economic growth.

- *Reduced tensions*: Easing trade tensions could reduce the likelihood of further tariff escalations and promote a more stable global trade environment.

- *Market volatility*: Uncertainty surrounding the talks has led to market volatility, with investors closely watching the outcome.