Lutnick says US-China trade talks could spill into a third day
US Commerce Secretary Howard Lutnick said trade talks with China, under way in London since Monday, may spill into a third day.
Advertisement
'We're working on all sorts of trade issues, and I think the talks are going really, really well,' he told reporters gathered outside Lancaster House, the UK government mansion where the talks are taking place.
'We're … spending time and effort and energy. Everybody's got their head down, working closely through it,' he said close to 8pm local time. 'I hope they end this evening, but if need be, we'll be here tomorrow.'
The talks are the latest attempt to defuse tensions between the world's two largest economies over a slew of trade and technology issues, which remain at boiling point despite the two sides
agreeing a temporary deal to scale back tariffs on each other's goods last month.
The meeting in London comes just days after a phone call between President Xi Jinping and US President Donald Trump, during which the two leaders
agreed to push forward with negotiations aimed at resolving their ongoing economic disputes.
Advertisement
Lutnick, US Treasury Scott Bessent and Trade Representative Jamieson Greer also attended what was described as 'the first meeting of the China-US economic and trade consultation mechanism'.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
South China Morning Post
39 minutes ago
- South China Morning Post
China's photonic chip debut to power AI, 6G and quantum computing advances, expert says
As China joins the international drive to mass produce high-performance photonic chips, an industry pioneer said the technical performance of its chips will position the country for major advances in artificial intelligence (AI), 6G and quantum computing Shanghai Jiao Tong University Chip Hub for Integrated Photonics Xplore (CHIPX) announced on June 5 that it had begun producing 6-inch (15.2cm) wafers for thin-film lithium niobate (TFLN) photonic chips, which rely on light – or photons – rather than electrical signals for information transmission and processing. While this is China's first pilot production line for photonic chips, Europe and the US are already established in the field. Dutch company SMART Photonics last year upgraded its line to process 4-inch InP wafers, and California-based PsiQuantum revealed in February that it was adapting a 300mm silicon photonics line. China's pilot production line, built on the new TFLN material, may have come later but it is already showing gains in terms of technical performance by overcoming a global limit for high-speed optical links. TFLN is an emerging high-performance optoelectronic material known for its ultra-fast electro-optic effect, high bandwidth and low power consumption. But its brittle nature has hindered large-scale manufacturing. The team at CHIPX worked for several years to create the country's breakthrough in photonic chips. Photo: Handout 'Establishing this stable production line is the result of nearly 15 years of effort,' said Professor Jin Xianmin, director of CHIPX.
South China Morning Post
an hour ago
- South China Morning Post
Chinese premier says officials must adapt to ‘complex and severe' situation
Chinese Premier Li Qiang has urged the nation's officials to improve their ability to anticipate challenges and accurately implement policies amid a turbulent geopolitical environment. 'At present, the task to comprehensively promote the Chinese path to modernisation with high-quality development is heavy and difficult, with the external situation remaining complex and severe,' he said on Wednesday, as reported by state-run news agency Xinhua. During this difficult period, officials needed to improve their 'ability to anticipate the situation and accurately implement policies,' he added during a ceremony to swear in 49 newly appointed central government officials. Li's comments come as China faces rising tensions with the West over a series of trade and technology-related issues. The country remains locked in negotiations with the United States over tariffs and export controls, and is also preparing for a major trade summit with the European Union in July. American and Chinese officials concluded their latest round of talks in London on Tuesday, with both sides agreeing in principle to a framework designed to de-escalate a feud over rare earths and sales of strategic technologies such as jet engines. But America will still place a total tariff of 55 per cent on Chinese goods and will not change the rate from that level, US Commerce Secretary Howard Lutnick said in an interview with CNBC on Wednesday.
South China Morning Post
an hour ago
- South China Morning Post
Hong Kong exhibition opens to mark fifth anniversary of national security law
An exhibition commemorating the fifth anniversary of the Beijing-imposed national security law has opened in Hong Kong, featuring video footage and images from three major social movements, with city officials urging residents to remain vigilant against threats. At the opening ceremony of the government-organised event on Thursday, Secretary for Security Chris Tang Ping-keung noted that as of June 1, 326 people had been arrested under relevant national security laws, including the legislation required under Article 23 of the Basic Law, the city's mini-constitution, which was enacted in March last year. According to Tang, residents should stay vigilant against four major risks, which still exist despite the stability brought by the laws, including external forces that attempt to smear and sanction, exiled individuals who promoted 'Hong Kong independence', local terrorism and soft resistance. Secretary for Justice Paul Lam (left) and Secretary for Security Chris Tang. Photo: Elson Li During the same occasion, Secretary for Justice Paul Lam Ting-kwok called on Hongkongers not to forget the history, ignore the reality, or stay aloof when national security threats emerge. 'National security risks are often not easily visible to the naked eye, but the facts are clear: hostile countries and forces are attempting to continuously suppress our country's development,' Lam said, pointing to 'a certain country' which attempted to interfere in Hong Kong's national security cases through illegal sanctions and levies. The entrance to the three-month thematic exhibition at the Hong Kong Museum of History is decorated with a so-called 'time tunnel' installation that showcases videos and pictures documenting destructive acts during the 2014 illegal Occupy Central movement, 2016 Mong Kok riot and 2019 anti-government protest. Chinese slogan 'not to forget, but yet to finish' was printed on the entrance wall before residents entered the second part of the exhibition, which featured the city's approach to unplugging the national security loopholes by enacting the Beijing-imposed national security law.
