What’s Happening?
Global audiences are closely watching the US-China trade talks in London, held on June 9, 2025. As the world’s two largest economies sit at the same table, this round of talks could shape the next chapter in global trade and diplomacy.
With their 90-day trade truce set to expire in August, both sides are working to avoid another costly economic standoff.
Who’s at the Table?
The United States sent a heavyweight delegation:
- Scott Bessent – U.S. Treasury Secretary
- Howard Lutnick – U.S. Commerce Secretary
- Jamieson Greer – U.S. Trade Representative
China’s team is led by Vice Premier He Lifeng, a top economic adviser to President Xi Jinping.
This summit follows a recent call between Presidents Trump and Xi where they agreed to “reset the tone” of bilateral relations.
Bloomberg Coverage
Key Issues on the Table
1. Rare Earths & Tech
China controls 70% of the world’s rare earth supply, which is essential for electronics, electric vehicles, and defense. Recently, China slowed exports, raising concern in the U.S.
In exchange for restored shipments, the U.S. may ease some chip export bans. However, advanced processors like those from Nvidia are expected to remain restricted.
Read more at Financial Times
2. Tariff Reductions
Earlier this year, both nations temporarily reduced tariffs:
- U.S.: from 145% → 30% on Chinese goods
- China: from 125% → 10% on American imports
Both sides want to make these changes permanent during the current US-China trade talks.
Full report from Reuters
3. Broader Tensions
The talks also touch on deeper concerns:
- Intellectual property theft
- Fentanyl trafficking
- Taiwan’s status
Though these won’t be resolved in one summit, early cooperation could open doors to long-term peace.
How Did Markets React?
Markets showed cautious optimism:
- NASDAQ & S&P 500 rose modestly
- European stocks also made slight gains
Still, investors remain unsure if the momentum will last.
See our Finance coverage →
What’s Next?
U.S. officials like Kevin Hassett hope this summit leads to “a handshake, not just a headline.” But analysts warn that even a temporary calm might not solve decades-long tensions.
If a deal isn’t struck by August:
- Tariffs may return
- Rare earth shortages could intensify
- Global supply chains might face new disruptions
Related Reads from Everyana:
- Elon Musk vs Donald Trump: What’s Really Going On?
- Canada’s Immigration Shake-Up: What Bill C-2 Means for You
- Bank of Canada Holds Interest Rate at 2.75%: What It Means for You
- Rihanna and Ronald Fenty: A Father-Daughter Bond Beyond the Headlines
- Pickering on Edge: Homicide at 2125 Lynn Heights Drive Sparks Emergency Alert
