#USChinaTradeTalks The trade negotiations between the U.S. and China in London seek to stabilize a fragile truce after tensions over tariffs and restrictions on rare earth minerals. Led by Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick, and Trade Representative Jamieson Greer for the U.S., and Vice Premier He Lifeng for China, the talks address key disputes, such as China's control over 90% of the global supply of rare earths, essential for electric cars and technology. Following an agreement in Geneva in May that reduced tariffs from 145% to 30% (U.S.) and from 125% to 10% (China), recent frictions over restrictions on chips and visas have threatened progress. Kevin Hassett from the National Economic Council emphasized the importance of securing the flow of minerals. Although the discussions, which could extend until Tuesday, show signs of progress, analysts warn that Chinese structural reforms are not on the table, and a limited agreement is the most likely outcome. Global markets, expectant, reacted with moderate gains.