#USChinaTradeTalks 🛡️ High-Level Meeting in London (June 9–10, 2025)

U.S. delegation: Treasury Sec. Scott Bessent, Commerce Sec. Howard Lutnick, USTR Jamieson Greer; China led by Vice Premier He Lifeng, convened at Lancaster House .

This follows a phone call between Presidents Trump and Xi on June 5 that reactivated a 90-day tariff truce stemming from the May Geneva agreement .

🎯 Core Topics Under Negotiation

Rare-earth minerals: U.S. pressing China to resume exports critical for EVs, semiconductors, and industrial applications .

Export controls: The U.S. may ease restrictions on advanced chips in exchange for China expanding rare-earth supply .

Tariffs & tech transfers also remain on the agenda, though secondary to minerals and export rules .

📈 Market & Political Response

Officials described talks as “good” and “fruitful”; discussions moved into a second day .

Markets responded positively: Asian stocks rose, the dollar softened, and U.S. indices edged higher—S&P +0.09%, Nasdaq +0.31% .

🧭 Outlook & Constraints

Analysts caution that London talks may yield a limited deal—focused on rare-earths and export controls—rather than sweeping economic reform .