White House officials to meet Chinese delegates in London for the next round of trading talks | US News

Senior White House officials will meet with the Chinese delegation in London on Monday for the next round of trade negotiations, said US President Donald Trump.

The meeting came after the telephone call between Mr. Trump and Chinese leaders Xi Jinping On Thursday, which according to the US President was “very positive” – ​​lasted about an hour and a half.

Speaking to reporters on Friday from the Air Force One, the President added that it was “good talks”, describing the agreement as “complicated”, but the “will” will bring us a lot of money “.

He also said: “I get along well with Xi and China.”

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US and China reached an agreement on tariffs

Writing on the social platform of its truth, Trump said the upcoming London meeting “must go very well” and add that the financial secretary of Scott Besent, Trade Secretary Howard Lutnick and trade representatives Jamieson Greer will represent the US at the discussion.

It is unclear who will represent China.

Diplomatic victory for England who hosted As-China’s conversation

Sky News understood that Trump’s government approached the British government to ask whether it would be the host of the two US-China trade talks. This is a ‘diplo-win’ that is useful for Britain.

The first half was held in Geneva last month. News about it happened as a surprise. The Chinese and Americans were in the middle of a trade war that was intimidated by Trump. President Trump is on his way to Saudi Arabia and suddenly we get talks in Switzerland.

They went very well. US Secretary of the Treasury Scott Besent and his colleagues in China, he lived, met in person and agreed to suspend most of the tariffs for 90 days.

But two weeks later, Trump’s government accused Beijing of violating the agreement achieved in Geneva. Beijing replied to a mistake to Washington.

On Wednesday, Donald Trump and Xi Jinping spoke by telephone. The Chinese claim this call at American request. Either way, the consequence is that the conversation returns to its track.

Read the rest of Mark’s analysis

The two countries are on a dead end of tariffs and disputes involving rare soil mineral exports that are critical, where China remains the dominant producer.

On May 12, China and the US hit A 90 days agreement In Geneva to pause the rate of retaliation placed with each other because Trump was inaugurated in January.

The US president said the move was part of “total reset” in relationships.

The agreement encourages a global surge in the stock market and US index that is in, or approaching, bearing the market level.

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US Final Trading War and China

Temporary agreement to see the US reduces the tariff of 145% to 30% for Chinese goods.

China Also agreed to reduce 125% of the retaliation rate to 10% for US goods.

However, special sectors, such as 25% tax for cars, Aluminum and steelthere still is.

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The Chinese Foreign Ministry said the US president initiated the telephone, and they had asked him to “delete negative steps” that apply against China.

He also said that Trump said “US likes to ask Chinese students to come to study in America”.

This apart from his previous government said it would be “aggressively” to revoke the visa of Chinese students who studied in the US.

Since Trump’s re-election, the president has often issued threats of trading steps for US partners, only to resign at the last minute.

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