#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 a US delegation comprising Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick, and Trade Representative Jamieson Greer, aim to address key issues.

*Key Issues:*

- *Rare Earths*: The US wants China to reinstate shipments of rare earths, crucial for goods like electric vehicle batteries. China has slowed down these shipments since President Trump's "Liberation Day" tariffs in April.

- *Tariffs*: The US and China agreed to slash tariffs for 90 days after a deal in Geneva last month. However, differences persist, including China's restrictions on exporting rare earth minerals.

- *Immigration Curbs*: China wants the US to rethink immigration curbs on students, restrictions on access to advanced technology, and make it easier for Chinese tech providers to access US consumers.

*Market Impact:*

- Gold prices have recovered on safe-haven demand amid trade tensions, trading above $3,300.

- Wall Street is set to open higher as the trade talks begin.

- Cryptocurrency markets are edging marginally higher, but facing headwinds amid uncertainty.