Mon, 09 Jun 2025

Mon, 09 Jun 2025 US and China set to meet for trade talks in London

Fresh talks aimed at resolving the trade war between the world's two largest economies are due to take place.
US and China agree to further talks in London
* New round of trade negotiations set to take place on Monday
* US Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick and Trade Representative Jamieson Greer will meet Chinese officials
* Vice Premier He Lifeng confirmed to attend the talks for Beijing
* Last month's temporary truce has broken down, with both sides accusing each other of breaching the agreement
* Talks aim to resolve trade war that erupted in February over tariffs on imports
* Previous agreement had brought US tariffs on Chinese products down to 30% and Chinese levies on US imports to 10%
* Both sides have a 90-day deadline to reach a trade deal
* Latest data shows China's exports were lower than expected, with imports dropping by 3.4%
* Relations between the two countries have soured since May's temporary truce, with each side accusing the other of breaching the agreement
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