US and China are holding trade talks in London after Trump’s phone call with Xi
By JILL LAWLESS, Associated Press
LONDON (AP) — High-level delegations from the United States and China met in London on Monday to try and shore up a fragile truce in a trade dispute that has roiled the global economy,
A Chinese delegation led by Vice Premier He Lifeng held talks with U.S. Commerce Secretary Howard Lutnick, Treasury Secretary Scott Bessent and Trade Representative Jamieson Greer at Lancaster House, an ornate 200-year-old mansion near Buckingham Palace.
Wang Wentao, China’s commerce minister, also was part of Beijing’s delegation.
The talks, which may continue Tuesday, follow negotiations in Geneva last month that brought a temporary respite in the trade war.
Stacked containers are seen at the Yangluo Port on the Yangtze River in Wuhan, central China’s Hubei Province, Friday, May 23, 2025. (AP Photo/Andy Wong)
Trucks loaded with container move through a container terminal port in Shanghai, China Monday, June 9, 2025. (Chinatopix Via AP)
Trucks loaded with container move through a container terminal port in Shanghai, China Monday, June 9, 2025. (Chinatopix Via AP)
In this image, taken from a video footage run by Phoenix TV via AP Video, Chinese Vice Premier He Lifeng, right, poses for photos with British Chancellor of Exchequer, Rachel Reeves, outside 11 Downing Street in London, England, Sunday, June 8, 2025. (AP Photo/Phoenix TV via AP Video)
The two countries announced May 12 they had agreed to a 90-day suspension of most of the 100%-plus tariffs they had imposed on each other in an escalating trade war that had sparked fears of recession.
The U.S. and China are the world’s biggest and second-biggest economies. Chinese trade data shows that exports to the United States fell 35% in May from a year earlier.