Unlock White House Watch Newsletter for free
What does Trump’s second term for Washington, Business and the world mean
Donald Trump said that a new high-level round of trade talks between the US and China would take place in London on Monday, as Washington and Beijing quickly move forward to try to stabilize their frightening economic relations.
US President announced details of talks a day later Phone call With Chinese President Xi Jinping, during which the two leaders agreed to try to reduce the business war that shaken the financial markets.
Treasury Secretary Scott Besant, Commerce Howard Lutnik and US trade representative Jaimison Greer will meet in London with “Representatives of China, in terms of business deal” on 9 June, Trump on Friday announced a true social post. “The meeting should be very well. Thank you for drawing your attention on this matter!”
The Chinese Embassy in Washington did not immediately respond to the request of comment on the plan employed in London.
The next week’s meeting in London comes after more than two months. Trump’s “Liberation Day” tariff A tight-for-tat escalation in Levies among the world’s largest economies was removed, which increased by 145 percent. Last month, in Geneva, Besent sealed a deal from Trump to reduce the tariff in front of the market backlash and worry about severe damage to the global supply chains.
But even after Trus in Switzerland, there has been more tension between the US and China. Some of the most notable glued points, such as rare earth export and business in advanced technologies, will be high on the agenda in London talks.
The launch of a new era of dialogue in the UK capital will assure investors, not to completely break, pointing to a will in Washington and Beijing. Economic relations,
During the Biden administration, as well as during the first Trump administration, the period of economic friction between the US and China was often dealt with after a period of dentant and through uniform ministerial level talks.
During their calls, Trump and Xi also agreed to each other’s trips to each other, but did not settled on any date.
Wall Street on Friday took news of talks in his progress. The S&P 500 session was already held on most of its benefits and closed 1 percent more.
