#USChinaTradeTalks U.S.-China trade talks resumed in London on June 9, 2025, addressing tariffs, export controls, and rare earth minerals. China’s exports to the U.S. dropped 34.5% in May, prompting Beijing to slash U.S. import levies to 10% and promise barrier reductions. U.S. tariffs on Chinese goods fell to 30%. Discussions, described as “fruitful” by Commerce Secretary Howard Lutnick, extended into a second day. Focus shifted from tariffs to export controls, with Trump eyeing chip export restriction easing if Beijing complies. A prior Trump-Xi call fueled momentum, but recent stalls highlight ongoing tensions.