Key Facts
• June 10: U.S.-China ministerial trade talks held in London, lasting until midnight.
• Discussions focused on easing export regulations on rare earths and semiconductors.
• Talks began at 10:30 AM, with two meal breaks, and continued late into the night.
• U.S. Treasury Secretary Besant left the talks to attend a congressional hearing on June 11.
• This was the second ministerial meeting following the May Geneva agreement to cut tariffs by 115% for 90 days.
Summary
The U.S. and China held their second ministerial trade talks in London on June 10, continuing discussions from the previous day. The negotiations, which extended into the night, centered on easing export restrictions on critical sectors like rare earths and semiconductors. The meeting began at 10:30 AM and included two meal breaks. U.S. Treasury Secretary Besant departed early to attend a congressional hearing scheduled for June 11. This meeting follows the May Geneva agreement, where both nations committed to a 115% tariff reduction for 90 days. The talks reflect ongoing efforts to address trade tensions and foster economic cooperation.
