#USChinaTradeTalks are currently underway in London, aiming to ease persistent tensions between the world's two largest economies. These discussions follow a temporary tariff truce agreed upon in Geneva in May 2025, which saw tariffs on Chinese goods cut to 30% and US imports to 10% for a 90-day period.

However, both sides have since accused each other of breaching this agreement. The US claims China has been slow to release rare earth metal exports, crucial for various industries. Conversely, China criticizes US restrictions on its access to advanced technology, particularly microchips, and limits on student visas.

Key topics in the London talks include technology transfer, rare earth minerals, and broader import taxes. The outcome will significantly impact global supply chains and consumer prices, with ongoing pressure on negotiators to find a substantive path forward before the temporary truce expires in August.