Trump Announces Fresh US-China Trade Talks In London Next Week: 'Should Go Very Well'
Last Updated:
Trump's remarks came after he had a "very good" conversation with his Chinese counterpart, Xi Jinping, on Thursday. The two countries were locked in an escalating tariff battle.
US President Donald Trump on Friday announced a new round of trade talks with China in London on June 9, one day after he held talks with his Chinese counterpart, Xi Jinping, to end a bitter battle over the White House's so-called 'Liberation Day" tariffs.
'I am pleased to announce that Secretary of the Treasury Scott Bessent, Secretary of Commerce Howard Lutnick, and United States Trade Representative, Ambassador Jamieson Greer, will be meeting in London on Monday, June 9, 2025, with Representatives of China, with reference to the Trade Deal," he said on his Truth Social platform.
'The meeting should go very well. Thank you for your attention to this matter!" he added.
The trade talks in the British capital on Monday will mark the second round of such negotiations between the world's two biggest economies since Trump launched his trade war this year, as both countries engaged in an escalating tariffs battle.
US-China Trade Negotiations
The first talks between Washington and Beijing since Trump unveiled his 'Liberation Day" tariffs on allies and adversaries alike took place in Geneva last month, where both sides agreed to lower tit-for-tat tariffs.
Trump had earlier said that trade talks would resume after he spoke with Xi Jinping on Thursday. Trump described Xi Jinping as 'very tough" and 'extremely hard to make a deal with" after accusing Beijing of backtracking on a trade agreement aimed at easing tariffs.
In May, negotiators from the United States and China reached a trade agreement in Geneva to significantly reduce tariffs on each other's goods. Under the deal, the US agreed to lower its tariffs on Chinese imports from 145% to 30%, while China reduced its tariffs on American products from 125% to 10%.
US officials have also accused China of slow-walking export approvals of critical minerals and rare earth magnets. However, investors are hopeful that the London talks could cool down tensions between the two countries.
(with inputs from agencies)
First Published:
June 07, 2025, 10:42 IST
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Hindustan Times
39 minutes ago
- Hindustan Times
Elon Musk and Donald Trump's feud goes public: Timeline of their tumultuous partnership
President Donald Trump and Tesla CEO Elon Musk's relationship seems to have taken a downward spiral in the past few days. The pair that once grabbed every opportunity to praise each other's work have now resorted to engaging in frequent social media spats due to a difference of opinion over Trump's new 'Big, Beautiful Bill'. The confrontation reached a peak on Thursday (June 5), after Musk's exit from the Department of Government Efficiency (DoGE). Considering the events of the past year, it may be hard to believe that Musk hasn't always been Trump's biggest fan. During Trump's first run for presidency back in 2016, Musk openly expressed his support for Democrat candidate Hillary Clinton in an interview with CNBC, labeling her environmental and economic policies 'the right ones'. "I feel a bit stronger that he is not the right guy. He doesn't seem to have the sort of character that reflects well on the United States,' Musk said of Trump at the time. Once Trump beat Clinton in the 2016 race to the White House, Musk retained ties with the federal government due to the close contractual interaction between NASA and his company SpaceX. He was also a part of several White House advisory boards such as Trump's Manufacturing Jobs Council. However, when Trump decided to withdraw from the Paris Climate Accords in 2017, Musk publicly voiced his disapproval of the decision by tweeting, 'Climate change is real. Leaving Paris is not good for America or the world.' Trump, however, felt differently and publicaly called Musk a 'great guy' during a 2020 SpaceX launch in Florida. It was in May 2022, that Musk decided to switch his allegiance from blue to red and publically declared his support of the Republican Party, calling the Democrats a 'party of division & hate'. Even though Musk decided to rally behind the GOP, it didn't automatically ensure his support for Trump as the right man for the job. He instead supported Florida Governor Ron DeSantis, a long-time rival of Trump, and even joined a Twitter livestream in May 2023 to support his campaign for the presidency. Despite a social media feud with Trump in 2022, Musk took the call to reinstate Trump's Twitter account after buying the company in October of that year. His account had previously been suspended from the platform following the US Capitol attack on January 6, 2021. This move came four days after Trump announced his third run for the presidency. It was after an assassination attempt during his election rally in Butler, Pennsylvania on July 13, that Musk first announced public support for Trump's presidency via a social media post. Trump and Musk came together on an X livestream to share their views on various political topics during which the Tesla CEO expressed a willingness to serve in government by posting a picture of him as a representative of a new department: DoGE. Musk reportedly became the largest spender in the 2024 presidential election by contributing about a quarter of a billion dollars for several Republicans' campaigns, specifically that of Trump. He was then spotted standing next to the presidential candidate in an October rally back at the Pennsylvania location of Trump's failed assassination attempt while wearing a 'Make America Great Again' cap and calling him the only candidate 'to preserve democracy in America'. One of Trump's first moves after returning to the White House was to pass an executive order that materialized DoGE into reality. Musk and former GOP presidential candidate Vivek Ramaswamy were now tasked with identifying and cutting down on wasteful spending and frauds in the bureaucracy. The President also attended a SpaceX 'Starship' launch in Texas during this time to express his support for Musk. January 2025 Trump gave Musk a special shoutout during his election night victory speech by calling him an 'amazing guy' and saying, 'A star is born.' As head of the DoGE, Musk took active measures to cut costs but failed to meet his target of saving up to $1 trillion during his time in office which would have helped cut down on the $36 trillion US debt and possibly circulate stimulus checks among the American population. He was soon included in the President's inner circle as a trusted advisor and regularly attended cabinet meetings or traveled aboard Air Force One. When Trump opponents protested against Musk's company, the President rolled onto the White House's South Lawn in a red Tesla to publically announce support for the car and his friend. He took to social media to applaud Musk for doing a 'FANTASTIC JOB' and said that he would buy a brand new Tesla the very next day. Due to flaking investor confidence in the Tesla CEO's ability to devote time to the company and the lapse of the 130 days for special government employees like Musk, Trump announced that his confidant would soon be leaving DoGE. 'You're invited to stay as long as you want. At some point, he wants to get back home to his cars,' said Trump during a cabinet meeting. During a May 29 CBS interview, Musk expressed his disappointment with several provisions in Trump's new public spending bill which he felt would increase the budget deficit and undermine all the work he had been trying to do at DOGE. 'I was, like, disappointed to see the massive spending bill, frankly, which increases the budget deficit, not just decrease it, and undermines the work that the DOGE team is doing,' he said. Trump gave the former DoGE head a farewell the next day as he left office by saying, 'Elon's really not leaving. He's going to be back and forth, I think, I have a feeling.' Once out of office, Musk started voicing his criticism of Trump's 'Big, Beautiful Bill' in harsher terms by labeling it a 'disgusting abomination." Trump subsequently threatened to cancel Musk's governmental subsidies and contracts. Musk clapped back by claiming that Trump would not have won the presidency without him. Musk reshared posts critical of the President on his page including one that demanded Trump's impeachment. During the spar, Trump blamed Musk's social media lash-out on his decision to end tax credits for electric vehicles. The feud reached a peak on Thursday when Musk dropped a bomb by claiming that Trump is intentionally shielding the full release of the Epstein files due to his involvement in the case.
Hindustan Times
an hour ago
- Hindustan Times
No tolerance for terror, allies must understand, says India
Prime Minister Narendra Modi and external affairs minister S Jaishankar reiterated India's 'zero tolerance' policy for terrorism and the need for decisive international action against terror and those who support it during meetings with British foreign secretary David Lammy on Saturday. Modi said India valued Britain's backing for the fight against cross-border terrorism while Jaishankar said India's partners should understand the 'zero tolerance' policy for terrorism as the country will never accept the perpetrators of terrorism being treated at par with victims. The remarks by the top Indian leadership, made against the backdrop of several countries hyphenating India and Pakistan during last month's military clashes, reiterated to the world community New Delhi's new approach to fighting cross-border terrorism backed by Islamabad. Britain's foreign office had said before Lammy's meeting with Indian interlocutors that he would address how the current peace between India and Pakistan can be supported for regional stability. ALSO READ | UK expresses support for India's fight against cross-border terrorism Modi said in a social media post after meeting Lammy that he values 'UK's support for India's fight against cross-border terrorism'. He also appreciated Lammy's 'substantive contribution to the remarkable progress in our Comprehensive Strategic Partnership, further strengthened by the recently concluded FTA'. A statement from the external affairs ministry said Modi had 'underscored the need for a decisive international action against terrorism and those who support it' - an apparent reference to Pakistan. The two leaders discussed regional and global issues and Lammy 'strongly condemned the Pahalgam terror attack and expressed support for India's fight against cross-border terrorism', the statement said. Modi also expressed satisfaction at the conclusion of the free trade agreement (FTA) and the double contribution convention and expressed satisfaction at the deepening of the bilateral comprehensive strategic partnership. He welcomed continued collaboration under the Technology Security Initiative (TSI), especially its potential to 'shape trusted and secure innovation ecosystems'. Modi also reiterated his invitation to British Prime Minister Keir Starmer to visit India. ALSO READ | Terrorism no proxy war, but planned one: Modi Lammy arrived in New Delhi on Saturday morning for meetings to review the bilateral partnership, especially trade and strategic ties, a month after India and the UK finalised the FTA. Lammy had visited Pakistan shortly after New Delhi and Islamabad reached an understanding on halting military actions on May 10. In his opening remarks at the meeting with Lammy, Jaishankar thanked the UK government for the strong condemnation of the 'barbaric terrorist attack' in Pahalgam and its support to India in the fight against terror. 'We practice a policy of zero tolerance against terrorism and expect our partners to understand it, and we will never countenance perpetrators of evil being put at par with its victims,' he said. Lammy responded by referring to the 'horrific terrorist attack' and said Prime Minister Starmer had asked him to convey the 'deep condolences of the UK and a hand of friendship with India and support as we deal with the terrorism threat in a comprehensive manner'. Jaishankar described the finalisation of the FTA and double contribution convention as a milestone that will boost two-way trade and investment and have a 'positive effect on other strategic aspects' of bilateral relations, besides strengthening supply and value chains. ALSO READ | 'New normal': Shashi Tharoor on India's approach towards terrorism with Operation Sindoor He also referred to other significant initiatives that have seen progress, such as the TSI for deeper collaboration in strategic sectors such as AI, semiconductors, telecom, quantum computing, health technology, critical minerals and advanced materials. The TSI, coordinated by the national security advisers of India and the UK, was launched during Lammy's last visit to New Delhi in July 2024. 'We have also launched the Strategic Exports and Technology Cooperation Dialogue, the first meeting of which was held…this week. This will enhance, among others, the TSI's effectiveness in promoting trade in critical and emerging technologies, including the resolution of relevant licencing or regulatory issues,' Jaishankar said. The India-UK infrastructure financial bridge can unlock quality long-term capital flows from Britain to India and contribute to infrastructure development, and there is also good collaboration in the education sector with many UK universities planning to establish campuses in India, he said. Lammy described the finalisation of the FTA as Britain winning a 'trophy' and the beginning of a new era in bilateral ties since it is expected to increase will trade by £25.5 billion. He also conveyed the UK's interest in enhancing cooperation in key sectors such as trade, investment, defence and security, technology, innovation and clean energy. Lammy also met commerce minister Piyush Goyal and National Security Adviser Ajit Doval. A readout from Britain's foreign office said bolstering economic and migration ties and delivering growth opportunities for British businesses topped the agenda for Lammy's visit. Lammy also focused on the migration partnership, including 'work on safeguarding citizens and securing borders in both countries'. The readout added, 'Addressing migration remains a top priority for the government - the Foreign Secretary is focused on working internationally with global partners to secure the UK's borders at home.' Lammy's visit would also prepare the grounds for a visit by Starmer to India for the formal signing of the FTA. Both countries are currently involved in the legal scrubbing of the FTA, a process expected to be completed in three months. During 2023-24, India was the UK's second largest source of investments in terms of number of projects for the fifth consecutive year. India was the UK's 11th largest trading partner in 2024, accounting for 2.4% of total British trade, and two-way trade in goods and services was worth nearly $57 billion in 2024. The FTA is expected to increase bilateral trade by $34 billion a year from 2040. Within a decade of the deal being implemented, 85% of British products will become tariff-free in India. Indian tariffs on alcohol will be cut from 150% to 75%, falling to 40% by the 10th year of the deal. India will also cut automotive tariffs from more than 100% to 10%. The UK too has agreed to cut its tariffs and 99% of India's exports to Britain will face no duties.
Time of India
an hour ago
- Time of India
British era school, which shut down in 2021, to reopen its gates on June 12
Tirupati: On the auspicious Telugu Ugadi day on March 30 this year, chief minister Nara Chandrababu Naidu launched his ambitious 'Zero Poverty P-4' initiative under the 'Swarna Andhra 2047' vision. The aim behind the P-4 initiative, which stands for public-private-people-partnership, is to achieve a poverty-free Andhra Pradesh within the next two decades. It seeks to bridge the socio-economic divide by encouraging the 10% wealthiest of the population to support the bottom 20% of the poorest families, fostering inclusive growth. While the noble concept is being gradually embraced across the state, in Nellore it is breathing new life into the 150-year-old VR school, which was established during the British era in 1875 but was shut down during the YSRCP regime a few years ago. During the British era, Nellore had only one school — the Free Church Mission high school — which was managed by Christian missionaries. The then headmaster of the school, Sunku Narayana Swamy Chetty, who is acknowledged as the first graduate in Nellore, resigned from the missionary school following differences with the management, and established the Hindu Anglo vernacular school on May 3, 1875. In the first year of its establishment, the school had 152 students. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Dad-Approved Ways to Celebrate Father's Day in Costa Mesa - Travel Costa Mesa Travel Costa Mesa Read More Undo Financial problems After running the school for three years, Swamy Chetty found it difficult to run the institution due to paucity of funds, and stepped down in 1878. But the financial problems continued for the fledgling school, till it finally found a permanent campus in 1879, when Haji Mohammed Rahimtullah, the former Diwan of Venkatagiri Estates, purchased a big land parcel with constructed structures in a court auction for Rs 2,400 and donated the entire property to Hindu Anglo vernacular school. While the school flourished for close to a decade after moving to its permanent campus, it started facing financial problems again after Rahimtullah stepped down from the management committee in 1886. The worried members of the school management then approached V Rajagopala Krishna Yachendra Bahadur, the 28th Raja of Venkatagiri dynasty, who created a permanent fund of Rs 50,000 to administer the school and further its expansion plans. One of the six conditions the Venkatagiri Raja put forth while creating the permanent fund for the school was to rename the school in his name. Hindu Anglo Vernacular school was renamed as Venkatagiri Raja (VR) school and carried on the legacy. In 1901, VR school was registered under the 1860 Societies Act. The school today stands on 15.81acres in the heart of Nellore city, which includes a big playground spanning 5.06 acres. It 1921, VR college with intermediate education was established by the Venkatagiri Raja. Till 2018, VR school and college flourished under the administration of AC Subba Reddy family. Six different branches of education, including VR degree college, VR law college, VR institute for post graduate studies, VR institute for advanced studies, VR children's academy, and VR college of education were established over the last eight decades. Illustrious Alumni Several stalwarts including chief ministers, judges, state and Union ministers pursued their education at VR school and college in Nellore. Some of the notable names include Bezawada Gopal Reddy (1955-56), the second chief minister of Andhra state, former chief justice and governor Palagani Chandra Reddy, former chief justice CVL Narasimham, and present municipal administration minister Ponguru Narayana. Troubled times VR group of institutions found itself in the middle of a series of legal tangles between 1986 and 2018 following internal clashes for supremacy over the management of affairs. The warring groups, which first approached a local court in Nellore, subsequently knocked on the dorrs of the Supreme Court, with one group demanding the dismissal of the management committee headed by former MLA Anam Vivekananda Reddy, while the other appealed for the continuance of the committee headed by Vivekananda Reddy. Though the apex court passed orders for the conduct of elections in March 2018, the elections are yet to held. Though the then TDP govt in the state appointed a special officer to manage the administration of VR school and colleges in 2018, it was shut down in 2021 during the YSRCP regime, even as people from all walks of life staged protests demanding the govt to revive the school. New dawn for school State municipal administration minister Ponguru Narayana, who studied in VR high school and its inter and degree colleges, initiated steps for his alma mater's revival under CM Naidu's P-4 concept. "The school has a rich legacy and there are many like me who reached the pinnacles of success after studying at this great institution. After completing my education, I started my teaching career at VR college as a part-time lecturer. I was paid Rs 4 per hour of teaching," Narayana told STOI. He said it was extremely painful for him and for other alumni of the school when it was shut down indefinitely. "The previous govt ignored the sentiments of people and did not pay heed to the protests carried out by locals. During the elections, we promised to people of Nellore that VR school would be revived after TDP comes to power in the state. Nagarjuna Construction Company (NCC) is donating Rs 15 crore under its CSR activities to revive the school. HRD minister Nara Lokesh has accorded all necessary approvals to restart the school from this academic year itself after completing all infrastructure works. The school will have world-class infrastructure including smart boards in the classrooms, science labs, arts rooms, besides world class sports infrastructure," Narayana added. He said the municipal administration and Swachh Andhra depts have identified about 1,000 underprivileged children from the poorest sections of the society who would be admitted to the school from this year. "To sustain and establish VR school into a model school in the country, the state govt will initiate measures to reach out to people from all walks of life and motivate them to adopt these 1,000 under privileged children so that they can pursue their dreams by getting access to world class education free of cost," the minister said. As the children belong to families living below the poverty line, breakfast, lunch, and evening snacks will be provided free of cost to them everyday. In addition, free bicycles will be distributed to the students to reach the school from their homes. Free bus rides would also be provided for students living at a distance from the school. After four years of uncertainty, the 150-year-old school is all set to reopen its gates on June 12.
