#USChinaTradeTalks resumes in London in June 2025, after a fragile agreement in Geneva. The United States, led by Scott Bessent, and China, represented by He Lifeng, have reduced tariffs to 30% and 10% for 90 days, temporarily easing an intense trade war. Despite this progress, tensions persist over semiconductor chips and rare earths. The discussions aim to rebalance trade, but structural divergences and mistrust complicate a lasting agreement. Global markets, shaken by uncertainty, hope for de-escalation. The outcome will depend on the Trump-Xi dialogue.