#USChinaTradeTalks The first session of the new round was held today (Monday, June 9, 2025) in London, at the 'Lancaster House'. Discussions will continue until tomorrow, Tuesday.

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

China has already issued some export licenses, signaling a show of goodwill.

After the interim round in Geneva in mid-May, tensions returned when both sides accused each other of not honoring their promises. Washington raised tariffs to 145%, while China responded with 125% before temporarily retreating to 30% and 10%.

The call on June 5 between Presidents Trump and Xi lasted 90 minutes and focused on restoring the flow of rare metals and enhancing trade cooperation.

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

In the end, Asian markets rose significantly with reports of new listings in London, while the dollar weakened and U.S. stocks rose, especially silicon companies like Nvidia and A.