Lutnick says US-China trade talks could wrap tonight in London
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US and Chinese officials continued high-level trade talks in London on Tuesday, with Commerce Secretary Howard Lutnick expressing hope for a same-day resolution.
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Members of the media outside Lancaster House, during the talks between the US and China, in London, Tuesday, June 10, 2025 (AP Photo/Alberto Pezzali)
US Commerce Secretary Howard Lutnick expressed optimism Tuesday as trade negotiations between the United States and China continued into their second day in London, raising the possibility of a breakthrough but leaving open the chance that talks may carry into Wednesday.
"We're very much, you know, spending time and effort and energy, everybody's got their head down, working closely through it," Lutnick told reporters, describing the atmosphere as intensive and focused. "I hope they end this evening, but if need be, we'll be here tomorrow. But I hope they end this evening," he added.
The high-stakes discussions, held at Lancaster House, include Lutnick, Treasury Secretary Scott Bessent, and US Trade Representative Jamieson Greer, who are meeting with Chinese Vice Premier He Lifeng and Commerce Minister Wang Wentao. The agenda, while not officially detailed, is understood to revolve around export controls, rare earth minerals, high-tech components, and academic visa restrictions.
Trade momentum
The current round follows a 90-day tariff truce agreed upon in Geneva, and both sides appear intent on translating that pause into meaningful policy adjustments. President Donald Trump commented on Monday, "We are doing well with China. China's not easy," signaling White House backing for the negotiations despite unresolved tensions.
Markets reacted positively to the tone of the talks. The FTSE 100 in London rallied near its record high, while US markets also edged up in response to signs of progress.
Read more: China opens rare earth channel for EU in bid to calm rising tensions
However, analysts caution that significant differences remain, especially concerning technology transfers and mineral export restrictions. China is reportedly seeking relief from US curbs on semiconductor technology, while Washington continues to press Beijing to ease its control over rare earth exports vital to defense and green energy sectors.
As of Tuesday evening, there was no formal word on whether a final agreement had been reached. Yet observers say that both delegations appear committed to staying at the table until consensus is either secured or clearly out of reach.
