Washington D.C. / Beijing - In a significant move to ease ongoing trade tensions, high-ranking officials from the United States and China are scheduled to hold a strategic meeting next week to discuss tariff regulations and critical mineral exports. According to confirmed sources, U.S. Treasury Secretary Scott Besset, Commerce Secretary Howard Lutnick, and Trade Representative Jamie Greer will meet with Chinese counterparts on Monday, June 9th, to revisit current trade agreements and explore mutual adjustments.
This diplomatic development follows a 90-minute phone call last Friday (June 6th) between U.S. President Donald Trump and Chinese President Xi Jinping. The call was characterized as "constructive," with both leaders emphasizing the importance of stabilizing bilateral economic relations amid increasing geopolitical pressures.
At the heart of the meeting agenda lies a growing concern over critical mineral supplies. The U.S. has been heavily dependent on China for essential minerals used in electric vehicle batteries, renewable energy technologies, and defense systems. Amid rising political strains, China had recently imposed restrictions on the export of several key minerals, triggering alarm among American manufacturers and policymakers.
In response, the U.S. has expressed its intention to reassess tariffs on specific Chinese goods as a gesture of goodwill, aiming to restore trust and rebalance trade advantages. Experts believe the upcoming talks will cover not only tariff reduction but also potential export licensing agreements, especially related to rare earth elements.
According to sources familiar with the matter, China has shown signs of softening its stance. In a recent communication, the Chinese government approved temporary export licenses for critical minerals to key U.S. automotive and energy producers. This move is being interpreted as a positive signal ahead of the formal discussions.
Market analysts suggest that the outcome of this meeting could have global economic implications, especially in the sectors of technology, automotive, and defense. A breakthrough in negotiations may pave the way for a new framework of cooperation between the world’s two largest economies one that prioritizes stability, transparency, and sustainable growth.
While both nations remain cautious, the resumption of dialogue is seen as a vital step forward. As one senior official put it:
> “This is not just about trade it's about trust, security, and the future of global supply chains.”
Observers and stakeholders around the world will be closely watching Monday’s meeting, hoping it signals the beginning of a new chapter in U.S.-China economic diplomacy.