Trump says fresh US-China trade talks in London next week

The upcoming gathering successful London comes aft a telephone betwixt Chinese President Xi Jinping and US President Donald Trump aimed astatine calming tensions implicit tariffs. Photo: Evgenia Novozhenina, SAUL LOEB / POOL/AFP/File
Source: AFP

US President Donald Trump announced Friday a caller circular of commercialized talks with China successful London adjacent week, a time aft calling Chinese counterpart Xi Jinping successful a bid to extremity a bitter conflict implicit tariffs.

The talks successful the British superior connected Monday volition people the 2nd circular of specified negotiations betwixt the world's 2 biggest economies since Trump launched his commercialized warfare this year.

"The gathering should spell precise well," said Trump successful a station connected his Truth Social platform.

The president added that US Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick and US Trade Representative Jamieson Greer would conscionable the Chinese team.

The archetypal talks betwixt Washington and Beijing since Trump slapped levies connected allies and adversaries alike took spot successful Geneva past month.

While Trump had imposed a sweeping 10 percent work connected imports from astir trading partners, rates connected Chinese goods rocketed arsenic some countries engaged successful an escalating tariffs battle.

In April, further US tariffs connected galore Chinese products deed 145 percent portion China deed backmost with countermeasures of 125 percent.

Following the talks past month, some sides agreed to temporarily bring down the levels, with US tariffs cooling to 30 percent and China's levies astatine 10 percent.

But this impermanent halt is expected to expire successful aboriginal August and Trump past week accused China of violating the pact, underscoring deeper differences connected some sides.

US officials person accused China of slow-walking export approvals of captious minerals and uncommon world magnets, a cardinal contented down Trump's caller remarks.

While Trump's long-awaited telephone telephone with Xi this week apt paved the mode for further high-level commercialized talks, a swift solution to the tariffs impasse remains uncertain.

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Source: AFP