Top United States and Chinese officials met at Lancaster House in London on Monday, June 9, to resume crucial trade negotiations, following a prior 90-minute phone call between President Donald Trump and Chinese leader Xi Jinping.
The renewed dialogue comes after heightened tensions from a confrontation in Geneva this May. The two sides aim to preserve the current tariff truce, with a second round of discussions set for Tuesday, June 10.
Key issues on the table include China’s control over rare earth minerals, which are essential for various technologies, and its restricted access to US-origin semiconductor technologies. These two topics are expected to dominate the agenda, alongside export control policies from both nations.
This trade meeting is viewed as critical for both economies. Recent data shows a sharp 34.5% drop in China’s exports to the US since February 2020, signaling significant strain. Meanwhile, US inflation and labor markets remain subdued, with the dollar facing continued pressure due to internal policy shifts.
As global markets watch closely, the outcome of these negotiations may shape the next phase of US-China economic relations.
