U.S. and China officials are meeting this week in London (June 9, Monday) in a bid to stabilize negotiations.
Main agenda items:
Rare-earth mineral exports — China has begun approving some export licenses as a goodwill gesture.
Tech and export controls — discussions include semiconductors and related tech-transfer issues.
We look forward to a solid tariff truce between US and China.
Economic & Market Impacts Trade slowdown. China’s exports to the U.S. dropped ~35% YoY in May—the steepest decline since early COVID—reflecting uncertainty and remaining tariff pressure.
Market movements
U.S. markets are relatively calm: Dow slightly down, Nasdaq slightly up; S&P stable
Chinese and HK markets rose modestly on hopes of easing talks about trade will help all global markets.
