A new series of talks aimed at resolving a trade war between the United States and China takes place in London on Monday.
US President Donald Trump announced on Friday that a senior American delegation would meet Chinese representatives. During the weekend, Beijing confirmed that Deputy Prime Minister He Lifeng would attend talks.
The announcements came after Trump and Chinese Xi Jinping had a telephone conversation last weekthat the American president described as a “very good speech”.
Last month, the two largest economies in the world agreed with a temporary truce to reduce import taxes on goods exchanged between them, but since then, the two countries have accused the other of raping the agreement.
Write on his social platform for truth on FridayTrump said that the US Treasury Secretary Scott Bessent, the trade secretary Howard Luxe, and trade representative Jamieson Greer would meet Chinese officials in London on Monday.
On Saturday, the Chinese Foreign Ministry said that the Deputy Prime Minister that he would be in the United Kingdom between June 8 and 13, and a meeting of the “economic and commercial mechanism of China-US” would take place.
The new series of negotiations occurred after Trump said that his telephone conversation with XI mainly focused on trade and “led to a very positive conclusion for the two countries”.
According to the Chinese state agency, Xinhua, Xinhua told Trump that the United States should “withdraw the negative measures it has taken against China”.
The appeal was the first time that the two leaders have been talking since the trade war broke out in February.
When Trump has announced scanning prices on imports from a number of countries earlier this year, China was the hardest. Beijing responded with its own higher prices on American imports, and this increase in Tit-Tat has sparked a 145%peak.
In May, Translections held in Switzerland led to a temporary truce that Trump called a “total reset”.
This brought us prices on Chinese products to 30%, while Beijing reduced samples from American imports to 10% and has promised to raise barriers to critical mineral exports.
The agreement gave the two parties a deadline of 90 days to try to conclude a trade agreement.
But since then, relationships have seemed to have embittered. Last month, Trump said China had “completely violated its agreement with us”Then a few days later China said the United States had “seriously violated” The agreement.
The United States has accused China not to restart the expeditions of critical minerals and rare vital earth magnets for automotive and computer industries.
On Saturday, the Chinese Ministry of Commerce said that it had approved certain requests for rare Land export licenses, although it has not provided details on the countries involved.
The announcement reached after Trump said on Friday that XI had agreed to restart the trade in rare earth materials.
Speaking on Sunday, the director of the National Council of the White House, Kevin Hassett, told CBS News that “the exports of critical minerals have been released at a rate which is, you know, higher as it was, but not as high as we think we accepted in Geneva”.
