US, China to hold trade talks Monday in London

Yahoo

a day ago

Top U.S. officials will meet with their Chinese counterparts in London on Monday for the next round of trade talks between the two countries, President Trump said Friday.
Trump posted on Truth Social that Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick and U.S. Trade Representative Jamieson Greer will represent the administration in negotiations.
'The meeting should go very well. Thank you for your attention to this matter!' Trump posted.
The next round of trade talks between the world's two largest economies comes after Trump spoke on the phone Thursday with Chinese President Xi Jinping.
Trump said the two leaders exclusively discussed trade and sorted out details over rare earth products.
The conversation and subsequent negotiations in London next week come amid stalled negotiations over tariffs and a potential wider trade agreement. Officials hashed out an agreement last month for the U.S. to lower its tariff rate on imports from China from 145 percent to 30 percent. Beijing also lowered its rate on U.S. goods from 125 percent to 10 percent.
Trump a week ago railed against China, saying Beijing violated the trade agreement with the U.S. that lowered the tariff rate, though he did not offer specifics.
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