London Showdown: US and China set for new round of trade talks on Monday
The United States and China are set to restart high-level trade talks in London on Monday, marking a new phase in efforts to resolve longstanding economic tensions between the world's two largest economies.President Donald Trump announced the upcoming talks on Friday, calling a recent conversation with Chinese President Xi Jinping 'very positive.'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.advertisement
The call between Trump and Xi sparked some hope on Wall Street over the possibility of reduced tariffs between the US and China. However, investor enthusiasm remained cautious due to the absence of specifics and the complex issues still facing negotiators.The American delegation will include Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick, and US Trade Representative Jamieson Greer.'The meeting should go very well,' Trump wrote on his social media platform Friday afternoon. Trump said the 90-minute phone call with Xi helped set the tone for progress.China's Foreign Ministry confirmed that Trump initiated the call and quoted Xi urging the US to lift 'negative measures' targeting Beijing. In a diplomatic gesture, the ministry also highlighted Trump's remarks welcoming Chinese students to America, despite ongoing visa restrictions.The talks in London will likely focus on tariff disputes and critical supply chains, particularly around rare earth minerals—an area both nations have strategically leveraged in recent years.Tune InTrending Reel
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