Top U.S. and Chinese officials met in London to address a high-stakes trade dispute, focusing on rare earths restrictions and aiming to get a preliminary agreement from Geneva back on track. The talks follow a recent phone call between Presidents Trump and Xi Jinping and aim to ease export controls and prevent further economic slowdowns.
U.S. and Chinese officials meet in London for high-stakes trade talks
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Top U.S. and Chinese officials met in London to address a high-stakes trade dispute, focusing on rare earths restrictions and aiming to get a preliminary agreement from Geneva back on track. The talks follow a recent phone call between Presidents Trump and Xi Jinping and aim to ease export controls and prevent further economic slowdowns.
Trending- 1 Mid-February: S&P 500 record high.
- 2 Early April: S&P 500 down nearly 18% after Trump's 'Liberation Day' tariffs.
- 3 Last month (May): Preliminary agreement struck in Geneva.
- 4 May: China's export growth slowed, factory-gate deflation deepened.
- 5 Last week: Presidents Donald Trump and Xi Jinping spoke by phone.
- 6 Friday (before Monday's talks): Reuters reported China granted temporary export licenses to rare earth suppliers.
- 7 Monday, June 9, 2025: U.S. and Chinese officials meet in London.
- 8 Tuesday, June 10, 2025: Talks could run into Tuesday.
- 9 Summer 2025: Economists expect cracks in U.S. jobs market.
- Potential easing of export controls
- Release of rare earths
- Relief for global stock markets
- S&P 500 Index recovery
- Potential for more comprehensive trade talks
- Impact on business and household confidence
- Slowing export growth in China
- Deepening factory-gate deflation in China
- First-quarter GDP contraction in U.S. due to imports
- Muted inflation impact
- Resilient jobs market (expected cracks)
What: High-level trade talks between U.S. and Chinese officials to defuse a trade dispute, particularly concerning rare earths restrictions and to secure commitments from a previous Geneva agreement.
When: Monday, June 9, 2025, potentially running into Tuesday. Follows a preliminary agreement last month in Geneva and a phone call between Trump and Xi last week.
Where: Lancaster House, London, United Kingdom.
Why: To defuse a high-stakes trade dispute, ease restrictions on rare earths, prevent crippling supply chains, slow global growth, and get a preliminary agreement from Geneva back on track.
How: Through direct meetings between high-level delegations, including U.S. Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick, U.S. Trade Representative Jamieson Greer, and Chinese Vice-Premier He Lifeng.