{"id":169919,"date":"2025-06-09T09:41:10","date_gmt":"2025-06-09T09:41:10","guid":{"rendered":"https:\/\/www.europesays.com\/uk\/169919\/"},"modified":"2025-06-09T09:41:10","modified_gmt":"2025-06-09T09:41:10","slug":"us-china-to-hold-high-stakes-trade-talks-in-london-on-monday","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/uk\/169919\/","title":{"rendered":"US, China To Hold High-Stakes Trade Talks In London On Monday"},"content":{"rendered":"

\"\"<\/a>The American and Chinese flags are photographed on the negotiating table, during a bilateral meeting between the United States and China, in Geneva, Switzerland, May 10, 2025. KEYSTONE\/EDA\/Martial Trezzini\/Handout via REUTERS\/File photo<\/p>\n

Top U.S. and Chinese officials are set to meet in London on Monday for high-level talks aimed at easing a growing U.S.-China trade dispute that has recently expanded beyond retaliatory tariffs to include export controls on crucial goods and components vital to global supply chains.<\/p>\n

At a still-undisclosed venue in London, the two sides will try to get back on track with a preliminary agreement struck last month in Geneva that had briefly lowered the temperature between Washington<\/a> and Beijing<\/a> and fostered relief among investors battered for months by U.S. President Donald Trump\u2019s cascade of tariff orders since his return to the White House in January.<\/p>\n

\u201cThe next round of trade talks between the U.S. and China will be held in the UK on Monday,\u201d a UK government spokesperson said on Sunday. \u201cWe are a nation that champions free trade and have always been clear that a trade war is in nobody\u2019s interests, so we welcome these talks.\u201d<\/p>\n

Gathering there will be a U.S. delegation led by Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick and U.S. Trade Representative Jamieson Greer, and a Chinese contingent helmed by Vice Premier He Lifeng.<\/p>\n

Trump-Xi Phone Call<\/strong><\/p>\n

The second round of meetings comes four days after Trump and Chinese leader Xi Jinping spoke by phone, their first direct interaction since Trump\u2019s January 20 inauguration.<\/p>\n

During the more than one-hour-long call, Xi told Trump to back down from trade measures that roiled the global economy and warned him against threatening steps on Taiwan, according to a Chinese government summary.<\/p>\n

But Trump said on social media that the talks focused primarily on trade led to \u201ca very positive conclusion,\u201d setting the stage for Monday\u2019s meeting in London.<\/p>\n

The next day, Trump said Xi had agreed to resume shipments to the U.S. of rare earth minerals and magnets. China\u2019s decision in April to suspend exports of a wide range of critical minerals and magnets upended the supply chains central to automakers, aerospace manufacturers, semiconductor companies and military contractors around the world.<\/p>\n

That had become a particular pain point for the U.S. in the weeks after the two sides had struck a preliminary rapprochement in talks held in Switzerland.<\/p>\n

\"Nitin<\/a><\/p>\n

There, both had agreed to reduce steep import taxes on each other\u2019s goods that had had the effect of erecting a trade embargo between the world\u2019s No. 1 and 2 economies, but U.S. officials in recent weeks accused China of slow-walking on its commitments, particularly around rare earths shipments.<\/p>\n

\u201cWe want China and the United States to continue moving forward with the agreement that was struck in Geneva,\u201d White House spokeswoman Karoline Leavitt told the Fox News program \u201cSunday Morning Futures\u201d on Sunday. \u201cThe administration has been monitoring China\u2019s compliance with the deal, and we hope that this will move forward to have more comprehensive trade talks.\u201d<\/p>\n

Escalating Stakes<\/strong><\/p>\n

The inclusion at the London talks of Lutnick, whose agency oversees export controls for the U.S., is one indication of how central the issue has become for both sides. Lutnick did not attend the Geneva talks, at which the countries struck a 90-day deal to roll back some of the triple-digit tariffs they had placed on each other since Trump\u2019s inauguration.<\/p>\n

That preliminary deal sparked a global relief rally in stock markets, and U.S. indexes that had been in or near bear market levels have recouped the lion\u2019s share of their losses.<\/p>\n

The S&P 500 Index, which at its lowest point in early April was down nearly 18% after Trump unveiled his sweeping \u201cLiberation Day\u201d tariffs on goods from across the globe, is now only about 2% below its record high from mid-February. The final third of that rally followed the U.S.-China truce struck in Geneva.<\/p>\n

Still, that temporary deal did not address broader concerns that strain the bilateral relationship, from the illicit fentanyl trade to the status of democratically governed Taiwan and U.S. complaints about China\u2019s state-dominated, export-driven economic model.<\/p>\n

While the UK government will provide a venue for Monday\u2019s discussions, it will not be party to them but will have separate talks later in the week with the Chinese delegation.<\/p>\n

(With inputs from Reuters)<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"The American and Chinese flags are photographed on the negotiating table, during a bilateral meeting between the United…\n","protected":false},"author":2,"featured_media":169920,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7757],"tags":[748,1395,393,4884,257,70844,1219,16,15,978,8013,44366],"class_list":{"0":"post-169919","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-london","8":"tag-britain","9":"tag-china","10":"tag-england","11":"tag-great-britain","12":"tag-london","13":"tag-tariff-dispute","14":"tag-trade-war","15":"tag-uk","16":"tag-united-kingdom","17":"tag-us","18":"tag-us-china-trade-war","19":"tag-us-china-trade-talks"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/114652753762209470","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/169919","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=169919"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/169919\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/169920"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=169919"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=169919"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=169919"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}