US, Chinese officials to meet in London on Monday for new round of trade talks
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Senior U.S. 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 U.S. 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 U.S. Trade Representative Jamieson Greer will represent the U.S. side in the trade talks."The meeting should go very well," Trump wrote on his social media platform Friday afternoon.Speaking to reporters on Air Force One Friday, Trump said Xi had agreed to restart exports of rare earth minerals and magnets to the U.S. which China had slowed, threatening a range of U.S. manufacturers that relied on the critical materials. The was no immediate confirmation from China.The Thursday conversation between Trump and Xi, who lead the world's two biggest economies, lasted about an hour and a half, according to the U.S. president. The Chinese foreign ministry has said Trump initiated the call.The ministry said Xi asked Trump to "remove the negative measures" that the U.S. has taken against China. It also said that Trump said "the U.S. loves to have Chinese students coming to study in America," although his administration has vowed to revoke some of their visas.
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