#USChinaTradeTalks As of June 2025, US-China trade talks are at a critical juncture, with high-level delegations meeting in London to address ongoing tensions and build upon a fragile "tariff truce" agreed in Geneva in May 2025.

Current Status and Key Issues:

* London Talks: US and Chinese officials commenced a two-day session in London on June 9, 2025, to discuss trade ties and de-escalate the trade war. This follows a previous round of talks in Geneva.

* Tariff Truce Breaches: Both sides have accused each other of violating the May 2025 "tariff truce," which temporarily lowered tariffs for 90 days. The US alleges China has been slow to release exports of rare earth metals and magnets, while China points to US restrictions on technology sales and visa cancellations for Chinese students.

* Technology and Rare Earths: Technology, particularly the use of Ascend AI chips from Huawei and restrictions on advanced semiconductor technology, remains a major sticking point. Rare earth minerals, crucial for various industries, are also at the heart of the current negotiations, with the US seeking to ease China's export controls on these critical materials.

* High Tariffs Remain: Despite the temporary pause, both countries maintain exceptionally high tariffs on each other's exports. The US charges an average tariff of 51% against Chinese products, and China a 32.6% tariff on US goods, according to the Peterson Institute for International Economics. The 90-day tariff suspension is set to expire in August.

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