#USChinaTradeTalks
issues:
🇺🇸🛠️ What’s on the table:
Rare earth minerals & export controls: China exercises near-monopoly on rare earths—critical for EVs, aerospace, semiconductors. The U.S. delegation (Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick, Trade Rep Jamieson Greer) is pushing China to resume exports at pre-April levels
en.wikipedia.org
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reuters.com
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reuters.com
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Tariff truce follow-through: These talks build on the 90-day pause agreed in Geneva (mid-May), where tariffs were sharply reduced (U.S. from 145% to 30%; China from 125% to 10%)
reuters.com
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en.wikipedia.org
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apnews.com
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Mutual concessions: The U.S. might agree to ease some export controls on semiconductor and aviation tech in return
freedom969.com
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reuters.com
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theguardian.com
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📉 Why it's critical:
China’s exports to the U.S. collapsed ~34–35% YoY in May, the steepest since early COVID‑19—raising alarms over global supply chain shocks and slowing growth
reuters.com
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reuters.com
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Markets responded positively: Asian equities climbed (Nikkei +1%, Kospi +0.9%, Taiex +2%), while U.S. futures edged up amid hopes for tariff relief
apnews.com
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🗓️ Timeline & tone:
The talks kicked off Monday (June 9) and continue through today
wsj.com
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reuters.com
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investopedia.com
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A recent phone call (June 6) between Presidents Trump and Xi was described as “very positive” and led to the resumption of economic dialogue
nypost.com
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ft.com
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apnews.com
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Trump: “We’re doing well with China. China’s not easy.” U.S. advisers hope for a symbolic “handshake” over rare earths
theguardian.com
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reuters.com
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investopedia.com
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📌 What's at stake:
Area Implication
⚙️ Industrial supply chains Resuming rare earth flows could prevent bottlenecks in EVs, aerospace, semiconductors.
💰 Market stability A solid agreement may boost equity markets and reduce trade-war volatility.
🧭 Strategic stance While a Geneva “truce” is welcomed, underlying tensions remain