The United States and China are set to resume high-level trade

The United States and China are set to resume high-level tradeon Monday, June 9,
President Donald Trump announced this development following a 90-minute phone conversation with Chinese President Xi Jinping, during which both leaders expressed a desire to ease ongoing trade tensions.

The U.S. delegation will include Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick, and Trade Representative Jamieson Greer. While the Chinese delegation’s composition has not been disclosed, key issues on the agenda are expected to include the reduction of tariffs and the resumption of Chinese exports of rare earth minerals to the U.S.

Rare earth minerals are critical components in various industries, including automotive, defense, and technology sectors. China currently dominates the global supply chain for these minerals, accounting for a significant portion of production and refining capacity. President Trump indicated that President Xi agreed to restart the flow of these minerals to the U.S., although this has not been officially confirmed by Chinese authorities.

The upcoming talks follow a recent agreement in Geneva where both nations consented to reduce retaliatory tariffs, with the U.S. lowering duties to 30% and China to 10%. Despite this truce, significant issues like rare earth exports and advanced technology trades remain contentious and will be key topics in London.

The announcement of the London meeting has positively impacted U.S. financial markets, with the S&P 500 and Nasdaq both closing higher. Investors are hopeful that the negotiations will lead to a more stable trade relationship between the two largest economies.

The Media Times.Live

The Media Times – Unfiltered. Unbiased. Unstoppable.

The Media Times stands as a pillar of fearless journalism, committed to delivering raw, unfiltered, and unbiased news. In a world saturated with noise, we cut through the clutter, bringing facts to the forefront without agenda or compromise.From hard-hitting investigative reports to thought-provoking analysis, we cover politics, healthcare, business, technology, entertainment and global affairs with an unwavering commitment to truth. Our team of dedicated journalists and experts works relentlessly to challenge narratives, expose realities, and hold power accountable.At The Media Times, we don’t just report the news—we shape conversations, spark change, and empower the public with knowledge.