#USChinaTradeTalks

The US-China trade talks are ongoing in London, with both countries seeking to ease tensions and shore up a shaky truce after bruising tit-for-tat tariffs. The talks, led by Chinese Vice Premier He Lifeng and a US delegation headed by Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick, and Trade Representative Jamieson Greer, aim to address key issues such as China's shipments of rare earths, crucial for electric vehicle batteries, and the US's desire to reinstate these shipments. The US had imposed tariffs of up to 145% on Chinese goods, prompting China to retaliate with countermeasures of up to 125% on US goods. A temporary 90-day tariff truce was agreed upon in Geneva, but differences persist, including China's restrictions on exporting rare earth mineral