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I Hope the U.S.-China Trade Talks Go Well. But I Worry We Don't Have the Cards

  • U.S. trade officials including Treasury Secretary Bessent and Trade Ambassador Greer will meet Chinese counterparts in London on June 9 to continue trade talks.
  • These discussions come in the wake of mutual tariffs reaching as high as 145%, along with an initial trade deal brokered in May that China is accused of breaching.
  • Rare earth minerals have become a key issue, with China restricting exports since April and U.S. officials demanding restored flows vital for electronics and defense.
  • Michael Pillsbury said, "China is desperate to make a deal," but also cautioned China remains strong, and described the rare earth leverage as a "secret weapon."
  • The outcome will test U.S. strategies, with concerns that manufacturing shutdowns could occur without resolved mineral flows, underscoring the need for U.S. production investment.
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One of the United States' goals with Monday's trade negotiations in London is for China to once again unleash the export flow of important minerals, magnets and rare earth metals.

·Stockholm, Sweden
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Bloomberg broke the news in United States on Sunday, June 8, 2025.
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