US and Chinese officials are set to meet in London on Monday to discuss trade between the two nations, President Donald Trump announced on his Truth Social platform. The meeting comes after a 90-minute phone call between Trump and Chinese President Xi Jinping, where they discussed trade tensions and agreed to exchange visits.
Key Participants:
- US Delegation: Secretary of the Treasury Scott Bessent, Secretary of Commerce Howard Lutnick, and US Trade Representative Jamieson Greer will represent the United States.
- Chinese Representation: The Chinese delegation’s details have not been confirmed yet.
Talks Background:
The meeting aims to revive stalled trade talks between the two nations, which have been strained due to Trump’s tariffs and China’s restrictions on rare earth exports. The US has accused China of violating agreements, while China has criticized the US for creating instability and acting in bad faith.
Potential Outcomes:
The talks may not yield a final deal, but both sides are expected to discuss critical issues, including:
- Tariffs: The US has imposed tariffs on almost all Chinese imports, while China has retaliated with restrictions on US goods.
- Critical Minerals: China dominates rare earth exports, while the US restricts exports of key technologies.
- Economic Cooperation: Both nations will likely discuss ways to ease tensions and promote economic cooperation.
The meeting’s outcome could shape the trajectory of US-China relations and global markets.