Top officials from the Trump administration will meet with their Chinese counterparts in London on Monday for a second round of economic talks, aiming to cement a trade truce between the world’s two largest economies.
The American delegation will be led by Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick and Jamieson Greer, the United States’ trade representative. China will be represented by He Lifeng, the country’s vice premier for economic policy, who led the previous round of talks in Switzerland. The meetings are expected to run through Tuesday, according to people familiar with the matter.
The talks come at a delicate juncture for the global economy, which has been slowed by uncertainty and supply chain disruptions. In April, the United States paused some of the tariffs that Mr. Trump imposed on dozens of countries to provide time for trade negotiations.
Those levies, as well as steep import taxes on Chinese goods, were thrust into further uncertainty in late May, when a U.S. trade court deemed them illegal. The tariffs, however, remain in place while an appeal process unfolds. As the U.S. delegation negotiates in London, the Trump administration faces a deadline to make its case to a federal appeals court for why the tariffs should continue.
Source: The New York Times.