LONDON — The U.S. and China are holding a second day of talks Tuesday in London geared toward easing their trade dispute, after President Donald Trump mentioned China is “not simple” however the U.S. was “doing nicely” on the negotiations.
A Chinese language delegation led by Vice Premier He Lifeng met U.S. Commerce Secretary Howard Lutnick, Treasury Secretary Scott Bessent and Commerce Consultant Jamieson Greer for a number of hours on Monday at Lancaster Home, an ornate 200-year-old mansion close to Buckingham Palace.
Wang Wentao, China’s commerce minister, and commerce negotiator Li Chenggang are additionally in Beijing’s delegation.
Requested late Monday how the negotiations had been going, Trump advised reporters: “We’re doing nicely with China. China’s not simple.”
The 2 sides try to construct on negotiations in Geneva last month that agreed to a 90-day suspension of a lot of the 100%-plus tariffs that they had imposed on one another in an escalating commerce conflict that had sparked fears of recession.
For the reason that Geneva talks, the U.S. and China have exchanged indignant phrases over superior semiconductors that energy synthetic intelligence, visas for Chinese students at American universities and ” rare earth ” minerals which are important to carmakers and different industries.
Trump spoke at length with Chinese language chief Xi Jinping by telephone final Thursday in an try and put relations again on monitor. Trump introduced on social media the next day that the commerce talks would resume in London.
China, the world’s greatest producer of uncommon earths, has signaled it might ease export restrictions it positioned on the weather in April, alarming automakers around the globe who depend on them. Beijing, in flip, desires the U.S. to raise restrictions on Chinese language entry to the know-how used to make superior semiconductors.
Trump mentioned that he desires to “open up China,” the world’s dominant producer, to U.S. merchandise.
“If we don’t open up China, perhaps we gained’t do something,” Trump mentioned on the White Home. “However we need to open up China.”
___
Related Press author Josh Boak in Washington contributed to this story.
