Here’s the latest on the U.S.–China trade talks:
The two sides concluded a major round of negotiations in London on June 10, 2025, where they agreed on a framework to implement their earlier Geneva truce—currently under a 90?day truce on tariffs . This framework includes:
- China easing export restrictions on rare-earth minerals and magnets, while the U.S. will soften some of its export controls in return .
- The agreement now awaits formal sign-off by President Trump and President Xi Jinping .
Key context & timing:
- Talks are part of a 90-day window that began in Geneva; this runs until August 10, when tariffs could snap back up if no final deal is struck .
- Markets reacted cautiously: stocks are mostly flat, investors are wary due to lack of details, especially around structural issues like tech supply chains .
What comes next?
- Presidential approval — Both Trump and Xi still need to formally endorse the framework.
- Detailed implementation plan — The negotiators made progress on rare-earths, semiconductors, and tariffs, but specifics on timing, quotas, and enforcement are still pending .
- Deadline pressure — With the August cutoff looming, both nations will need to intensify efforts to draft and enforce a full agreement.
Bottom Line
- A positive step toward reviving stalled negotiations—with rare-earths as the first tangible concession.
- The deal remains preliminary and vague, pending heavy lifting on finer details.
- The critical test now: Will the presidents approve? Can negotiators finalize specifics before August 10?
