Trade conflict
New US trade talks with China on Monday
There will be new conversations in the customs conflict of the two largest world’s largest economies. Instead of in Switzerland, the meeting is to take place in Great Britain this time.
Rain high representatives of the United States and China will meet for further trading talks in London, according to US President Donald Trump on Monday. The US delegation will be headed by Finance Minister Scott Bessent, Minister of Commerce Howard Lutnick and the trade officer Jamieson Greer, Trump wrote on his Truth Social platform.
Trump had agreed the new round of talks on Thursday in a phone call with the Chinese state and party leader Xi Jinping – initially without a specific location and time of the meeting.
According to Trump, the talks are about discussing subtleties of a trade agreement between the two largest economies in May. China had expressed much more cautiously after the telephone call of the two heads of state and the United States warned to adhere to the mutual agreements of the agreement. The Chinese side seriously and conscientiously implemented the agreement, explained Beijing.
Trump has been a tough trading policy course for China since taking office. In the meantime, the Republican had increased punitive tariffs on imports from China to the United States in several steps to dizzying 145 percent, whereupon Beijing reacted with counter -tariffs. In mid -May, both sides agreed on a break of the escalation spiral at a meeting in Switzerland and at least temporarily agreed to reduce punitive tariffs.
Trump initially made no precise information on the talks on Monday in his post on Truth on the negotiations on Monday in London.
dpa
Source: Stern
