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US and China to Hold Follow-Up Trade Talks in London

A US delegation led by Treasury Secretary Scott Bessent will seek to finalize details of the May tariff pause accord

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LKW mit Containern im Hafen von Qingdao, China.
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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.