Monday 09/Jun/2025 – 05:37 PM
The main Wall Street indicators opened up today, Monday, with investors continued a new round of negotiations between the United States and China, with the aim of settling a commercial dispute between the two largest economies in the world, which caused a tremor in the market.
The main Wall Street indicators
The Dow Jones Industrial Index rose 23.3 points, or 0.05%, to 42786.19 points, the Standard and Poor’s index rose 500 by 4.3 points or 0.07%, to 6004.63 points, and the Nasdaq collection indicated 43.2 points, or 0.22%, to 19573.138 points, according to Reuters.
Senior officials from the United States and China met in London today, Monday, with the aim of defusing significant trade tension that expanded and overwhelmed the mutual customs duties to impose restrictions on rare minerals, threatening to influence supply chains and slow global growth.
Officials from both sides met at Lancaster House in London in an effort to restore a preliminary agreement that was reached last month in Geneva to its right path. This agreement had led to reducing tension between Washington and Beijing
Since then, the United States has accused China of slowing down to fulfill its obligations, especially with regard to rare mineral exports.
American economic advisor Kevin Haysit said today that the American team wants to agree from China on rare minerals after President Donald Trump and Shi Jinping spoke last week.
“The purpose of today’s meeting is to ensure the seriousness of both sides, but also to obtain actual approvals,” Haysit, director of the National Economic Council, said in an interview with CNBC.
He added that the expectations were that as soon as the official approval was obtained, the export controls will be reduced and large quantities of rare metals.
