China and U.S. trade officials to hold talks in London

China and U.S. trade officials to hold talks in London


TangMan Photography | Getty Images

U.S. President Donald Trump’s top trade officials are meeting their Chinese counterparts in London on Monday for talks aimed at resolving an ongoing trade dispute between the world’s two largest economies.

U.S. Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick and Trade Representative Jamieson Greer are representing the U.S.

China’s foreign ministry said on Saturday that Vice Premier He Lifeng, Beijing’s lead trade negotiator, will be in the U.K. between June 8-13, and that a meeting of the “China-U.S. economic and trade consultation mechanism” would take place.

The talks come after Trump last week said that he had held a lengthy phone call with Chinese President Xi Jinping as both look to avert a full-blown trade war.

Diplomatic efforts by both sides have ramped up after weeks of heightened trade tension and uncertainty after Trump announced sweeping import tariffs on China and other trading partners in April.

Beijing retaliated, and a tit-for-tat escalation in duties ensued before both sides agreed in Geneva in May to temporarily slash duties and facilitate talks. At the time, the U.S. tariff on Chinese imports was cut from 145% to 30% , while China’s levies on U.S. imports were lowered from 125% to 10%.

China and the U.S. have since repeatedly accused each other of violating the Geneva agreement, with Washington saying Beijing was slow to approve the export of additional critical minerals to the U.S., while China criticized the U.S. imposing new restrictions on Chinese student visas and additional export restrictions on chips.

U.S. Press Secretary Karoline Leavitt on Sunday said that the London talks would focus on moving forward with the Geneva agreement, noting the two sides’ strategic interests in each other’s markets.



Source

Wall Street is cautious on European stocks as trade tariff risks loom
World

Wall Street is cautious on European stocks as trade tariff risks loom

European stock markets have been on a tear in 2025, with the Stoxx Europe 600 index climbing roughly 7% in the year to date and investors rotating into the region to seek refuge from the political and valuation anxieties of the U.S. markets. But some analysts warn that this rally is built on a fragile […]

Read More
Turmoil, tariffs, tourism: Thailand’s political woes threatens fragile recovery
World

Turmoil, tariffs, tourism: Thailand’s political woes threatens fragile recovery

Protesters hold a sign with a photo of Prime Minister Paetongtarn Shinawatra crossed out at Victory Monument on June 28, 2025 in Bangkok, Thailand. Thousands of protesters gathered at Bangkok’s Victory Monument to demand Prime Minister Paetongtarn Shinawatra resign over a leaked phone call linked to a border dispute with Cambodia. It was the largest […]

Read More
Investing in Space: One big beautiful windfall
World

Investing in Space: One big beautiful windfall

CNBC’s Investing in Space newsletter offers a view into the business of space exploration and privatization, delivered straight to your inbox. Sign up to receive future editions. A monitor displays US Space Force signage on the floor of the New York Stock Exchange in New York, US, on Tuesday, Jan. 3, 2023. Bloomberg | Bloomberg | Getty […]

Read More