U.S. and China to Hold Economic Talks in London

Top American economic officials will meet with their Chinese counterparts next Monday in hopes of breaking a
trade stalemate, President Trump said.
President Trump said on Friday that the United States and China would begin their second round of economic talks
on Monday in London, resuming negotiations over tariffs and global supplies of rare earth minerals that have begun
to threaten global economic growth.
The American delegation will be led by Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick and
Jamieson Greer, the United States trade representative, Mr. Trump said in a post on Truth Social. It was not
immediately clear who would represent China, but He Lifeng, China’s vice premier for economic policy, led the
previous round of talks in Switzerland.
The talks come at a fragile moment for the global economy, which has been slowed by uncertainty and supply chain
disruptions. The United States in April paused some of the tariffs that Mr. Trump imposed on dozens of countries to
provide time for trade negotiations.
Those levies, as well as steep import taxes on Chinese goods, were thrust into further uncertainty in late May, when a
U.S. trade court deemed them illegal. The tariffs, however, currently remain in place while an appeal process
unfolds. As the U.S. delegation meets in London, the Trump administration has a deadline to make its case to a
federal appeals court for why the tariffs should continue.
The announcement of Monday’s talks came a day after Mr. Trump held a call with Xi Jinping, China’s president, that
was intended to break a deadlock that threatened to derail a trade truce that the countries reached in early May in
Geneva. Under that truce, the United States reduced Mr. Trump’s tariff on Chinese imports to 30 percent from 145
percent, and China lowered its import duty on American goods to 10 percent from 125 percent.