8 hours ago
Last Updated:June 07, 2025, 10:43 IST
Trump's remarks came after he had a "very good" conversation with his Chinese counterpart, Xi Jinping, on Thursday. The two countries were locked in an escalating tariff battle.
US President Donald Trump and China's President Xi Jinping (Image Credit: Reuters)
US President Donald Trump on Friday announced a new round of trade talks with China in London on June 9, one day after he held talks with his Chinese counterpart, Xi Jinping, to end a bitter battle over the White House’s so-called “Liberation Day" tariffs.
“I am pleased to announce that Secretary of the Treasury Scott Bessent, Secretary of Commerce Howard Lutnick, and United States Trade Representative, Ambassador Jamieson Greer, will be meeting in London on Monday, June 9, 2025, with Representatives of China, with reference to the Trade Deal," he said on his Truth Social platform.
“The meeting should go very well. Thank you for your attention to this matter!" he added.
The trade talks in the British capital on Monday will mark the second round of such negotiations between the world’s two biggest economies since Trump launched his trade war this year, as both countries engaged in an escalating tariffs battle.
US-China Trade Negotiations
The first talks between Washington and Beijing since Trump unveiled his “Liberation Day" tariffs on allies and adversaries alike took place in Geneva last month, where both sides agreed to lower tit-for-tat tariffs.
Trump had earlier said that trade talks would resume after he spoke with Xi Jinping on Thursday. Trump described Xi Jinping as “very tough" and “extremely hard to make a deal with" after accusing Beijing of backtracking on a trade agreement aimed at easing tariffs.
In May, negotiators from the United States and China reached a trade agreement in Geneva to significantly reduce tariffs on each other’s goods. Under the deal, the US agreed to lower its tariffs on Chinese imports from 145% to 30%, while China reduced its tariffs on American products from 125% to 10%.
However, Trump accused China of failing to uphold its commitments to reduce trade barriers, sparking fears of another round of economic retaliation. In response, China accused the US of seriously violating their recent Geneva trade truce by introducing multiple restrictive measures like AI chip export control guidelines and revocation of visas for Chinese nationals.
US officials have also accused China of slow-walking export approvals of critical minerals and rare earth magnets. However, investors are hopeful that the London talks could cool down tensions between the two countries.
(with inputs from agencies)
Aveek Banerjee is a Senior Sub Editor at News18. Based in Noida with a Master's in Global Studies, Aveek has more than three years of experience in digital media and news curation, specialising in international...Read More
Aveek Banerjee is a Senior Sub Editor at News18. Based in Noida with a Master's in Global Studies, Aveek has more than three years of experience in digital media and news curation, specialising in international...
Read More
Washington D.C., United States of America (USA)
First Published:News world Trump Announces Fresh US-China Trade Talks In London Next Week: 'Should Go Very Well'
