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Top trade officials of U.S. President Donald Trump met with their Chinese counterparts in London on Monday to resolve talks aimed at resolving the ongoing trade dispute between the world’s two largest economies.
U.S. Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick and Trade Representative Jamieson Greer represent the United States
Chinese Ministry of Foreign Affairs Said Saturday Beijing’s main trade negotiator, Lifefeng, will hold a vice prime minister in the UK between June 8 and 13, and will hold a meeting on the “China-US Economic and Trade Advisory Mechanism”.
The negotiations were said last week by Trump He made a long phone call with Chinese President Xi Jinping Because both want to avoid a full-scale trade war.
Diplomatic efforts on both sides have intensified after weeks of increased trade tensions and uncertainty were added after Trump announced import tariffs on China and other trading partners in April.
Beijing retaliated and the tax escalation followed before agreeing in Geneva in May to temporarily cut responsibilities and promote talks. At that time, the U.S. tariffs on Chinese imports were reduced from 145% to 30%, while China’s imposition of U.S. imports were reduced from 125% to 10%.
Since then, China and the United States have repeatedly accused each other of violating the Geneva agreement, Washington says Beijing has approved the slowness of exporting additional critical minerals to the United States, while China criticizes the U.S. for imposing new restrictions on Chinese student visas and other export restrictions on chips.
U.S. press secretary Karoline Leavitt said on Sunday that talks in London would focus on the Geneva agreement and pointed out the strategic interests of the two sides in each other’s markets.
