U.S., China to Resume Trade Talks in London Monday

Date: 07 June 2025 - 21:36

News ID: ۱۴۰۳۴۸

WASHINGTON (Reuters) –
Senior U.S. and Chinese officials will meet in London on Monday to continue efforts to ease trade tensions that have rattled global markets.
Three top aides to President Donald Trump will meet with Chinese counterparts in London on Monday to address the ongoing trade dispute between the world’s two largest economies.
U.S. Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick, and Trade Representative Jamieson Greer will represent Washington.
Trump announced the meeting on Truth Social but gave no further details.
It remains unclear who will represent China.
Neither the Chinese embassy in Washington nor the White House responded to requests for comment.
“The meeting should go very well,” Trump wrote.
The meeting follows a rare phone call between Trump and Chinese President Xi Jinping on Sunday.
The leaders agreed to visit each other and directed their teams to hold interim talks.
Both sides face economic pressure to ease tensions.
China’s control over rare earth mineral exports and U.S. tariff threats have unsettled markets and investors.
Beijing has seen restrictions on imports such as chip-design software and nuclear plant parts.
On May 12 in Geneva, both sides reached a 90-day deal to reduce some of the tariffs imposed since Trump’s inauguration.
The truce triggered a global stock market rebound.
The S&P 500, which had dropped nearly 18% in April, is now about 2% below its February peak.
However, the Geneva agreement left unresolved issues such as Taiwan, fentanyl trafficking, and China’s economic model.
Since returning to office in January, Trump has issued repeated tariff threats, often reversing course, creating uncertainty for global leaders and markets.
China views rare earth exports as strategic leverage.
A halt in shipments could hurt U.S. industries and put political pressure on Trump if growth slows.
U.S. officials continue to see China as their main geopolitical and economic rival.