Macro News: China-US Trade Talks Progress, Potential Easing of Restrictions Discussed

Published: Jun 11, 2025 08:44

Save

According to SMM, on the macro front, Chinese and US economic and trade officials continued their second day of consultations in London, UK, on the 10th. US Commerce Secretary Lutnick reportedly stated on the 10th that the negotiations were "progressing smoothly." According to informed sources, during this round of consultations, the US side was considering canceling a series of recently imposed restrictive measures in areas such as chip design software, jet engine parts, ethane, and nuclear materials. Most of these measures were introduced in the past few weeks amid renewed tensions and escalations in Sino-US relations, with the condition that China would ease restrictions on rare earth exports. Additionally, it was learned that India and the US are expected to reach an interim trade agreement before month-end, and the US and Mexico are close to reaching an agreement on steel import tariffs. Amidst the uncertainty of trade prospects, market sentiment remained cautious, and copper prices closed slightly lower.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

7 hours ago

March Copper Cathode Production Hit a Record High, Q2 Production Will Decline Due to Maintenance

March production was broadly in line with expectations, increasing by 63,700 mt from February on a MoM basis to a record high.

7 hours ago

China Southern Power Grid Launches 2026 IT Project Tenders, Involving 24 Packages

According to Polaris Power Network, on March 27, China Southern Power Grid launched the first batch of tenders for information technology projects in 2026. A total of 5 lots and 24 packages were involved, including 15 system construction projects, 2 special research projects, 5 business support projects, and 2 equipment procurement projects.

7 hours ago

Guiyang Power Supply Plans 523 AC Projects for 2026, Expanding Grid Infrastructure

According to BJX.com.cn, Guiyang Power Supply Bureau’s first batch of distribution network construction projects planned for 2026 totaled 523 projects, all of which were AC projects, including 174.19 km of new 10(20) kV lines, 316 distribution transformers, distribution transformer capacity of 100,905 kVA, and 279.69 km of low-voltage lines.

7 hours ago