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16 hours ago
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Senior White House officials will meet with a Chinese delegation in London on Monday for the next round of trade talks, President Donald Trump has said.
The meeting comes after a phone call between Mr Trump and Chinese leader Xi Jinping on Thursday, which the US president said was "very positive" - lasting about an hour and a half.
Writing on his Truth Social platform, Mr Trump said the London meeting "should go very well" and added that US Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick and US Trade Representative Jamieson Greer would represent the US at the talks.
It is unclear who will represent China.
The two countries are at an impasse over tariffs and a dispute involving critical rare earth mineral exports, in which China remains the dominant producer.
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On 12 May, China and the US struck a 90-day deal in Geneva to pause retaliatory tariffs placed on each other since Mr Trump was inaugurated in January.
The agreement prompted a global surge in stock markets and U.S. indexes that were in, or approaching, bear market levels.
The temporary deal saw the US reduced its 145% tariff to 30% on Chinese goods.
China also agreed to reduce its 125% retaliatory tariffs to 10% on US goods.
However, sector-specific tariffs, such as the 25% tax on cars, aluminium and steel, are still in place.
Since Mr Trump's re-election, the president has frequently issued threats of punitive trade measures against US partners - only to backtrack at the last minute.
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