#USChinaTradeTalks The first session of the new round took place today (Monday, June 9, 2025) in London, at Lancaster House, and discussions will continue until Tuesday.

Washington is seeking a new commitment from China regarding the export of rare earth minerals, which are essential components in industries such as electric cars and electronics.

China has already issued some export licenses, a sign of good faith.

After the interim round in Geneva in mid-May, tensions resumed when both sides accused each other of failing to honor their promises. Washington raised tariffs to 145%, while China responded with 125% before temporarily reducing them to 30% and 10%.

The 90-minute call on June 5 between Presidents Trump and Xi focused on restoring the flow of rare earth minerals and strengthening trade cooperation.

Trump described the call as "very good" and followed it with a call to resume negotiations in London.

Finally, Asian markets rose significantly, with reports of new IPOs in London, a falling dollar, and a rise in US stocks, especially in silicon companies like Nvidia and AMD.