US, China ‌to Hold High-Level Trade Talks​ in London

⁢ ​ Updated June 07,​ 2025

The United States ⁢and China are set to resume‍ high-level ‌trade talks in London, according to Donald Trump. The meeting, scheduled for Monday, aims​ to de-escalate economic tensions⁤ between Washington and Beijing.

trump announced the upcoming negotiations shortly after a‌ phone​ conversation with Chinese president Xi Jinping. Both ⁢leaders expressed a commitment to easing trade war pressures that have unsettled financial markets.

Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick, and U.S. ​Trade Representative Jamieson Greer will represent the U.S. in the London discussions. trump conveyed ​his optimism for the meeting’s outcome in a Truth Social ⁣post.

The Chinese embassy in Washington has not yet commented on the planned⁢ talks.

These discussions follow a period ⁢of escalating tariffs between the ​two economic giants. Previous tariffs had reached​ as high as 145 percent before Bessent brokered‍ a mutual reduction agreement in Geneva last month, addressing market concerns and potential ‌damage to global supply chains.

Despite the tariff truce, tensions persist over‍ issues such as rare earth exports and advanced technology trade, including semiconductors. These topics are expected to be⁢ central to ‌the London negotiations.

The resumption of trade talks offers reassurance to investors, signaling a⁤ desire to maintain the critical economic relationship between the U.S. and China.

Historically, periods of economic friction have frequently enough been followed by détente⁤ and⁣ dealmaking through similar ministerial-level discussions.

Trump and Xi also discussed potential mutual visits to each other’s countries, though no specific dates have been ‍set.

Wall Street reacted positively to the news, with the S&P⁣ 500 ⁤closing 1 percent higher.

What’s next

The outcome ​of the London​ talks will be closely watched for signs ⁤of further easing in trade tensions and​ potential progress on key sticking points between the two‌ nations. Further meetings are expected.