Overview

• Presidents Trump and Xi agreed during a Thursday phone call to convene follow-up trade talks in London on June 9.
• A US delegation led by Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick and Trade Representative Jamieson Greer will attend the talks.
• Negotiators will focus on finalizing details of the tentative tariff reduction accord reached in Switzerland in May.
• The dispute began in April when the US imposed tariffs of up to 145 percent on Chinese imports and Beijing retaliated with counter-tariffs.
• The European Union is preparing potential countermeasures as global markets remain volatile due to the protracted trade conflict.