The first session of the new round was held today (Monday, June 9, 2025) in London, at "Lancaster House", and the 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 goodwill.

After the temporary round in Geneva in mid-May, tensions returned when accusations were made by both sides for not adhering to their promises. Washington raised tariffs to 145%, while China responded with 125% before temporarily reducing to 30% and 10%.

A 90-minute call took place on June 5 between Presidents Trump and Xi, focused on restoring the flow of rare metals and enhancing trade cooperation.

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

In the end, Asian markets rose significantly with reports of new offerings in London, the dollar fell, and U.S. stocks, especially silicon companies like Nvidia and AMD, increased.