High-level delegations from the United States and China are meeting in London on Monday to try and shore up a fragile truce in a trade dispute that has roiled the global economy. A Chinese delegation led by Vice Premier He Lifeng is due to meet US Commerce Secretary Howard Lutnick, Treasury Secretary Scott Bessent and Trade Representative Jamieson Greer at an undisclosed location in the city. The talks are due to last at least a day. They follow negotiations in Geneva last month that brought a temporary respite in the trade war. The two countries announced May 12 they had agreed to a 90-day suspension of most of the 100 per cent-plus tariffs they had imposed on each other in an escalating trade war that had sparked fears of recession. Since then, the US and China have exchanged angry words over advanced semiconductors that power artificial intelligence, rare earths that are vital to carmakers and other industries, and visas for Chinese students at American universities. President
US-China trade talks in London this week are expected to take up a series of fresh disputes that have buffeted relations, threatening a fragile truce over tariffs. Both sides agreed in Geneva last month to a 90-day suspension of most of the 100%-plus tariffs they had imposed on each other in an escalating trade war that had sparked fears of recession. Since then, the US and China have exchanged angry words over advanced semiconductors that power artificial intelligence, rare earths that are vital to carmakers and other industries, and visas for Chinese students at American universities. President Donald Trump spoke at length with Chinese leader Xi Jinping by phone last Thursday in an attempt to put relations back on track. Trump announced on social media the next day that trade talks would be held on Monday in London. Technology is a major sticking point The latest frictions began just a day after the May 12 announcement of the Geneva agreement to pause tariffs for 90 days. The U
Trump and Xi held a 90-minute call on Thursday that saw the two agree to defuse growing tensions spurred by concerns over the flow of critical minerals needed by American firms
Senior US administration officials will meet with a Chinese delegation on Monday in London for the next round of trade negotiations between Washington and Beijing, President Donald Trump said Friday. The meeting comes after a phone call between Trump and Chinese leader Xi Jinping on Thursday, which the US president described as a very positive conversation as the two countries attempt to break an impasse over tariffs and global supplies of rare earth minerals. Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick and US Trade Representative Jamieson Greer will represent the US side in the trade talks. The meeting should go very well, Trump wrote on his social media platform Friday afternoon.
A meeting with Xi Jinping, China's top leader, in Japan in 2019, during President Trump's first term. The leaders spoke by phone on Thursday after weeks of worsening tensions between two nations
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After what he described as a "very good" 90-minute call with Xi Jinping, Trump says US-China trade talks will resume soon with rare earth issues resolved
President Donald Trump and his Chinese counterpart, Xi Jinping, have spoken amid stalled negotiations between both countries over tariffs that have roiled global trade. The discussion on Thursday followed Trump suggesting it was tough to reach a deal with Xi. I like President XI of China, always have, and always will, but he is VERY TOUGH, AND EXTREMELY HARD TO MAKE A DEAL WITH!!!, Trump posted Wednesday on his social media site. Trade negotiations between the United States and China stalled shortly after a May 12 agreement between both countries to reduce their tariff rates in order to have talks. Behind the gridlock has been the continued competition for an economic edge.
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The anticipated conversation follows months of faltering trade negotiations and mutual tariff cuts, raising hopes of a breakthrough in the prolonged US-China trade war
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The remarks from Scott Bessent come two weeks after the two nations agreed to a 90-day tariff pause along with mutual reductions
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The US treasury secretary and America's top trade negotiator will meet with high-ranking Chinese officials in Switzerland this weekend to de-escalate a dispute that threatens to cut off trade between the world's two biggest economies and to damage global commerce. Treasury Secretary Scott Bessent and US Trade Representative Jamieson Greer will meet in Geneva with a Chinese delegation led by Vice Premier He Lifeng. Prospects for a major breakthrough appear dim. But there is hope that the two countries will scale back the massive taxes tariffs they've slapped on each other's goods, a move that would relieve world financial markets and companies on both sides of the Pacific Ocean that depend on US-China trade. US President Donald Trump last month raised U.S. tariffs on China to a combined 145%, and China retaliated by hitting American imports with a 125% levy. Tariffs that high essentially amount to the countries' boycotting each other's products, disrupting trade that last year topp
Russian President Vladimir Putin and Chinese President Xi Jinping on Thursday reaffirmed their resolve to jointly counter US plans for a "Golden Dome" missile shield and NATO's eastward expansion, which they said are aimed at containing Moscow and Beijing. Xi arrived here on Wednesday for a four-day official visit and will take part in celebrations marking the 80th anniversary of the victory over Nazi Germany, including the Victory Parade at Red Square on Friday. After over seven-hour-long talks, Putin and Xi signed a joint statement and a package of bilateral intergovernmental and interagency documents. According to the Kremlin, the documents signed include joint statements on global strategic stability, and strengthening cooperation to maintain the authority of international law. In the joint statement on global strategic stability, the two countries said they are convinced that the Golden Dome programme of the US is "deeply destabilising". The recently announced large-scale pro
Chinese President Xi Jinping arrived here on Wednesday on a four-day official visit during which he will hold talks with President Vladimir Putin and take part in the 80th anniversary celebrations on the occasion of victory over Nazi Germany in WWII culminating with the V-Day parade at the Red Square. This will be his 11th visit to Russia since 2013, Russian news agency TASS reported. According to Kremlin foreign policy aide Yuri Ushakov, in a tete-a-tete over tea on Thursday, Putin and Xi are scheduled to discuss sensitive international issues such as Russia's relations with the United States, including Ukraine, before joining their delegations. Xi is accompanied by Foreign Minister Wang Yi who earlier today had a telephonic conversation with National Security Advisor Ajit Doval on India's Operation Sindoor. India launched Operation Sindoor early Wednesday hitting nine terror targets in Pakistan-occupied Kashmir and Punjab in retaliation for the terror attack in Pahalgam on April