Latest news with #economicTalks
Free Malaysia Today
17 hours ago
- Business
- Free Malaysia Today
China's vice premier to meet US delegation for trade talks
Chinese vice premier He Lifeng will meet with the US treasury secretary, commerce secretary, and trade representative. (EPA Images pic) BEIJING : Chinese vice premier He Lifeng will meet a US delegation for talks next week in Britain, Beijing announced today amid a fragile truce in the trade dispute between the two powers. He will visit the United Kingdom from June 8 to 13 at the invitation of the British government, China's foreign ministry said in a statement. It said He and American representatives will co-chair the first meeting of the China-US economic and trade consultation mechanism. US President Donald Trump had already announced on Friday that a new round of trade talks with China would kick off in London beginning Monday, after he spoke by phone with Chinese counterpart Xi Jinping in a bid to end a bitter battle over tariffs. Trump posted on his Truth Social platform that treasury secretary Scott Bessent, commerce secretary Howard Lutnick and US trade representative Jamieson Greer would meet the Chinese team. The discussions will mark the second round of such negotiations between the world's two biggest economies since Trump launched his trade war shortly after returning to the White House in January. A first meeting, held in mid-May in Geneva, brought a pause to the US-China trade dispute. But Trump then accused Beijing of not respecting the terms of the de-escalation agreement. On Thursday the Republican president finally discussed the issues with Xi for the first time since the trade tensions soared, assuring that the conversation had been positive. Xi for his part told Trump the two should 'correct the course' of bilateral relations, according to remarks quoted by official Chinese media.
South China Morning Post
2 days ago
- Business
- South China Morning Post
Trump says his top economic officials will meet with China counterparts in London next week
US President Donald Trump announced on Friday that his top economic officials will meet with their Chinese counterparts next week to discuss trade, just days after he conducted a phone call with Chinese President Xi Jinping , and also reiterated that Beijing agreed to restart exports of critical minerals. '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,' Trump said on social media 'The meeting should go very well. Thank you for your attention to this matter!' Already buoyed by a US jobs report on Friday that narrowly exceeded forecasts, stocks extended gains after Trump's announcement, with the benchmark S&P 500 index advancing by more than 1 per cent and the tech-heavy Nasdaq Composite Index gaining around 1.3 per cent. The talks planned for next week will come just four days after Trump held a phone call with Xi to discuss a frayed trading relationship before extending invitations to visit each other's capitals. 05:05 Trump and Xi discuss Taiwan, troubled US-China trade ties in call breaking stand-off Trump and Xi discuss Taiwan, troubled US-China trade ties in call breaking stand-off Trump said shortly after the call on Thursday that the exchange 'resulted in a very positive conclusion for both Countries'.
New York Times
2 days ago
- Business
- New York Times
U.S. and China to Hold Economic Talks in London
President Trump said on Friday that the United States and China would begin their second round of economic talks on Monday in London, resuming negotiations over tariffs and global supplies of rare earth minerals that have begun to threaten the global economy. The American delegation will be led by Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick and Jamieson Greer, the United States trade representative, Mr. Trump said in a post on Truth Social. It was not immediately clear who would represent China, but He Lifeng, China's vice premier for economic policy, led the previous round of talks in Switzerland. The announcement of renewed talks came days after Mr. Trump held a call with Xi Jinping, China's president, that was intended to break a deadlock that was poised to derail a trade truce that the countries reached in early May in Geneva. Under that truce, the United States reduced Mr. Trump's tariff on Chinese imports to 30 percent from 145 percent, and China lowered its import duty on American goods to 10 percent from 125 percent. But in recent weeks, the tension between the United States and China re-emerged, tied to mineral exports to the United States, which China had recently halted. The Trump administration also proposed a plan to revoke visas for Chinese students associated with the Communist Party or studying in critical fields. On Wednesday, Mr. Trump wrote on social media that Mr. Xi was 'VERY TOUGH, AND EXTREMELY HARD TO MAKE A DEAL WITH.' A day later, however, Mr. Trump said that his 90-minute call with Mr. Xi had been productive. 'I just concluded a very good phone call with President Xi, of China, discussing some of the intricacies of our recently made, and agreed to, Trade Deal,' Mr. Trump said, adding that it 'resulted in a very positive conclusion for both Countries.'
Wall Street Journal
7 days ago
- Business
- Wall Street Journal
China Hits Back Against Trump Claims That It Broke Trade Truce as Tensions Simmer
China has pushed back against President Trump's accusation that it broke a trade truce reached just weeks earlier, as a re-escalation of tensions dim hopes of a resolution. Beijing has acted responsibly and upheld the consensus reached at the economic and trade talks in Geneva, the Commerce Ministry said in a statement on its website Monday.
Reuters
09-05-2025
- Business
- Reuters
Hassett says seeing positive developments around US-China trade meeting
WASHINGTON, May 9 (Reuters) - White House economic adviser Kevin Hassett said on Friday signs in advance of weekend U.S.-China trade talks in Switzerland are promising and positive. Hassett, director of the National Economic Council, said he spoke with U.S. Trade Representative Jamieson Greer and Treasury Secretary Scott Bessent as they were leaving for the meeting Thursday night. "Everything that's been going on with the meeting in Switzerland is very promising to us," Hassett said in an interview with CNBC. "We're seeing extreme respect, treating both sides with respect. We're seeing collegiality and also sketches of positive developments."
