#USChinaTradeTalks
🌍 Current Round in London
On June 9–10, 2025, U.S. and Chinese officials met in London’s Lancaster House to resume negotiations focused on tariffs, rare earth mineral exports, and high-tech controls. This dialogue builds on a temporary truce achieved in Geneva in mid‑May, which saw tariff cuts (U.S. dropped from ~145% to ~30%; China lowered some rates from 125% to ~10%)
The U.S. delegation, led by Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick, and Trade Representative Jamieson Greer, pressed China to restore rare earth exports vital to high-tech and EV supply chains. Beijing’s delegation, headed by Vice Premier He Lifeng, engaged in reciprocal requests aimed at easing U.S. export controls on technology and semiconductors.