#USChinaTradeTalks #USChinaTradeTalks

**Meeting in London (June 9, 2025):**

High-level delegations from the U.S. and China convened at Lancaster House in London. The American side included Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick, and Trade Representative Jamieson Greer; China was led by Vice Premier He Lifeng .

**Main issues on the table:**

Rare-earth/mineral exports: U.S. pressure on China to unblock exports of critical materials used in semiconductors, EVs, defense tech .

Technology and semiconductor access: Talks around easing export controls—possibly the U.S. will loosen restrictions if China follows through on materials .

Tariffs: A 90-day pause since May—U.S. tariffs on Chinese goods dropped (effectively 30% including fentanyl tariffs); China's retaliatory tariffs fell to 10% .

**Current market sentiment:**

Stock futures and major U.S. indices (S&P 500, Nasdaq) showing modest gains as talks resumed —reflecting optimism that at least temporary progress may be made.