US, China set for trade talks in London on Monday

US, China set for trade talks in London on Monday. U.S. Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick and Trade Representative Jamieson Greer will represent Washington in the talks, said Trump, who announced the talks in a post on his Truth Social platform. It was not immediately clear who would represent China.

In a significant development aimed at easing tensions between the world's two largest economies, U.S. President Donald Trump announced that a new round of trade talks with China will take place in London on Monday, June 9. This meeting follows a productive phone call between Trump and Chinese President Xi Jinping, which resulted in a "very positive conclusion" for both countries [1].

The U.S. delegation will be led by Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick, and U.S. Trade Representative Jamieson Greer. The meeting is scheduled to address ongoing trade disputes, particularly those involving tariffs and critical minerals like rare earths, which are essential to U.S. manufacturing and defense supply chains [2].

The announcement comes amidst weeks of strained relations between the two nations. The latest trade talks build on the progress made during bilateral negotiations in Geneva last month, where both countries agreed to temporarily roll back some punitive tariffs. However, the 90-day reprieve has since faced challenges, with both sides accusing each other of non-compliance [2].

Financial markets responded positively to the news of the resumed talks. The Dow Jones Industrial Average rose 450 points (1.1%), while the S&P 500 and Nasdaq gained 1.2% and 1.3%, respectively. The positive market reaction reflects investor optimism that the talks could lead to a de-escalation of tensions and a potential resolution of the trade dispute [2].

The meeting in London is expected to be pivotal in addressing the complex issues at hand. Trump has indicated that rare earth access remains a top priority, and the talks are likely to focus on resolving the trade tensions that have been a source of concern for both nations [2].

References:
[1] https://www.turkiyetoday.com/world/fresh-us-china-trade-talks-set-for-london-on-june-9-says-trump-3202495
[2] https://www.sharecafe.com.au/2025/06/07/us-and-china-to-resume-trade-talks-in-london-amid-renewed-tensions-over-tariffs-and-rare-earths/