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US-China Trade Talks: Trump Announces London Meeting - June 9 - News Directory 3

US-China Trade Talks: Trump Announces London Meeting – June 9

June 7, 2025 Catherine Williams Business
News Context
At a glance
  • The United States ⁢and China are set to resume‍ high-level trade talks in London, according to Donald Trump.
  • trump announced the upcoming negotiations shortly after a phone conversation with Chinese president Xi Jinping.
  • Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick, and U.S.
Original source: ft.com

The US ⁣and China will restart high-level trade talks in London, as confirmed by Donald ⁢Trump, aiming to stabilize fraught economic relations. This⁣ crucial meeting, set for⁣ Monday, follows a ⁤recent phone call⁣ between Trump and Chinese President Xi‍ Jinping, both ⁢demonstrating a desire to ease‍ trade war ⁤pressures. Key US officials, including Treasury Secretary Scott Bessent,⁤ will participate ⁢in the discussions, signaling‍ a serious commitment to ‍progress.⁣ despite a recent‍ tariff reduction⁣ agreement,‍ sensitive issues like rare earth exports and advanced technology remain on the ⁤table. news Directory 3 is closely following ‍this issue. This meeting offers ⁤reassurance to ⁤investors and could pave the way for further easing of tensions. Discover ⁢what’s next as both nations ‍seek common ground.

Key Points

  • US and China to resume high-level trade talks in London.
  • Negotiations ⁢aim to stabilize strained economic relations.
  • Key officials from ⁣both countries will participate.
  • Talks follow a phone call between Trump and Xi Jinping.

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.

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