The USA and the China They are going to repeat the trade negotiations in London today Monday (9.6.2025), in an effort to degrade tensions about rare lands and advanced technology, following telephone communication between leaders Donald Trump and Si Jing.
The US has accused China of defining the agreement in Geneva in May – as did China in the US when they reached an agreement on a temporary reduction in duties that had risen to more than 100%. After Trump reached an agreement with Si to resume critical mineral flows, he said he expected the meeting in London “very well”.
China said on Saturday (7.6.2025) that it approved some applications for rare land exports, without specifying which countries or industries were concerned. “We want the rare land, magnets that are vital to mobile phones and everything else flowing just as they flow before the beginning of April, and we do not want technical details to slow this,” said Kevin Hasset, head of the National Financial Council (8). “And that’s clear to them.”
US -China commercial tensions escalated this year as Trump increased tariffs on Chinese products, causing retaliation from Beijing. While the Geneva Agreement was intended to pave the way for a broader de -escalation, subsequent conversations quickly stopped in the midst of mutual intercourse.
The US has complained about reducing the missions of rare earth magnets necessary for US electric vehicles and defense systems. China was annoyed by US restrictions on Huawei’s artificial intelligence chips, chip design software, aircraft engines and visas for over 280,000 Chinese students.
In London today, US Finance Minister Scott Bessed, Commerce Minister Howard Lutnik and USA traveler Jameson Green will meet with a Chinese delegation under Vice -President Hen Lifng. The addition of Lutnik, who is responsible for the restrictions on the sale of advanced technology, marks that Trump may be willing to consider revealing some of the limitations that threaten to prevent China’s long -term development ambitions.
While telephone communication between Trump and Si last week created some hopes on Wall Street for lower duties between commercial partners, investor optimism was limited. While promising to reshape US trade, Trump has so far achieved only one new trade agreement – with the United Kingdom.
Trump’s suspension for US duties for Chinese products ends in August, unless he decides to extend it. If no agreements are reached, the White House has stated that Trump plans to reinstate duties to the levels he announced for the first time in April, or reduce the numbers exceeding the current basic 10%threshold.
The confusion after Geneva’s meeting underlined the challenge of concluding agreements between China and the US. “They left too many things open to interpretations and everyone paid the price for it in the weeks that they took,” said Josh Lyski, president of international finances at the Atlantic Council. The US and China “just want to return to the point where they were in Switzerland with a few more paper agreements to really understand what will be licensed, what will be allowed, what will not,” he added.
At the moment, Si seems to bet on that resetting the links will lead to tangible profits in the coming weeks and months, including duties reductions, export controls and a less charged ton. After Trump’s phone call, Si said he expected from the US to “lift the negative measures taken against China”.
While Xi showed his muscles with the restrictions on rare earths, China’s financial problems – shown by persistent deflation and unemployment concerns – give him reasons to come to conclude a constant agreement. A comment that appeared at the official Xinhua news agency on Sunday criticized the US for seeing financial issues in the light of security, saying that “this thought will become the biggest obstacle to cooperation between all parts that will be mutually beneficial if it does not adapt”.
However, he left the door open to improve relationships, adding that “China and the US are sharing extensive common interests and wide space for cooperation and that the essence of economic and trade relations between the two countries is the mutual benefit and the results that will bring mutual benefits.”
Following a conversation between the two leaders, the Chinese Foreign Ministry said Trump told Si that Chinese students were welcome to study in the US. Trump later said that it would be his “honor” to welcome them. While the musical mood is good by entering London’s talks, unlike the Geneva meeting there is no urgent need to reduce duties, according to Bloomberg Economics. “This time there are no such low -hanging fruits,” they wrote in a report in view of the talks. “With more complex issues on the table, it will be more difficult for any side to leave with new significant results.”