Summary of US-China Trade Talks (June 9, 2025):**
- **Location:** London, commenced on June 9.
- **US Demands:** Demanding China to ease **restrictions on the export of rare earth metals** (essential for science, technology, and defense).
- **China's Demands:** In exchange for the US lifting **restrictions on the export of technology**.
- **Background:**
· China's exports to the US sharply decreased (⤵️34.5% year-on-year, the worst record since 2020).
· Continued tension regarding the preliminary Geneva agreement (May 2025).
- **Impact:**
· If negotiations succeed, mutual tariff escalation can be avoided.
· Stability of global supply chains.
The outcomes may affect markets and monetary policy in the short term.