#USChinaTradeTalks

As of June 9, 2025, the United States and China have resumed high-level trade negotiations in London, aiming to de-escalate ongoing tensions that have significantly impacted global markets.

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🔑 Key Developments

- *Rare Earth Minerals*: The U.S. is urging China to expedite the export of rare earth elements and magnets, essential for various high-tech industries. In response, China's Commerce Ministry has approved some export licenses for rare-earth-related products, signaling a willingness to cooperate. [1]

- *Semiconductor Export Controls*: President Trump is considering easing export restrictions on advanced chips to China. This potential concession aims to secure China's cooperation in accelerating rare earth exports. However, controls preventing U.S. firms like Nvidia from selling high-end chips to Chinese entities are expected to remain. [2]

- *Economic Impact*: China's exports to the U.S. have dropped by 35% year-over-year in May, the sharpest decline since February 2020. This downturn has prompted China to implement stimulus measures, including interest rate cuts and increased funding for innovation and services, to counteract the economic blow from U.S. tariffs. [1][3]