Tangman Photography | Gety pictures
Senior trading officials at US President Donald Trump are meeting with their Chinese counterparts in London on Monday for talks aimed at resolving a continuous trade dispute between the world’s largest economists.
US Treasury Secretary Scott Beesen, Trade Minister Howard Lottenic, and Trade Representative, Jameson Jarir, represents the United States
Chinese Ministry of Foreign Affairs He said on Saturday This is the Deputy Prime Minister is Living, the main commercial negotiator in Beijing, will be in the United Kingdom from June 8 to 13, and that a meeting of the economic and commercial consultation mechanism in China and the United States “will happen.
The talks come after Trump said last week that He had made a lengthy phone call with Chinese President Xi Jinping Both are also looking to avoid a complete commercial war.
Diplomatic efforts by both sides increased after weeks of increasing trade tension and uncertainty after Trump announced the tariff for importing in China and other commercial partners in April.
Beijing took revenge on, as an escalation of the duties that followed before the agreement of both sides in Geneva in May to temporarily reduce its duties for 90 days and facilitate the talks. At that time, the US tariff for Chinese imports was reduced from 145 % to 30 %, while Chinese fees on American imports were reduced from 125 % to 10 %.
China and the United States since then have accused each other over and over again of violating the Geneva Agreement, as Washington says Beijing has been slow to agree to the export of additional critical metals to the United States, while China has criticized the United States imposing new restrictions on Chinese student visas and additional export restrictions on chips.
The US press secretary Caroline Levitte said on Sunday that the London talks will focus on moving forward in the Geneva Agreement, noting the strategic interests of the two sides in each other’s markets.
There is no quick solution
Analysts say that the two talks are unlikely to make great progress in resolving the differences and definitions of the sector that target a group of strategic industries, from technology and critical minerals to manufacturing and agriculture.
Rebecca Harding, CEO of the Economic Security Center, told CNBC on Monday that China and the United States are “closed in an existential battle at the present time.”
“There is no other way at all to describe all of this, and this is about how data flow. It is about information. It is related to technology. It is about technology. It also relates to defense. China is rapidly expanding in its production in its production at this moment. It is about how these two economies compete in reality and survive in a digital world that no one really knows what the power of the state is,” said CNBC.
“It is much more than just a trade and what is happening in this field between the two countries. It relates to how to manage their economies. This only begins, and effectively, it is a battle for the twenty -first century,” she added.
Optimistic that the talks are taking place at all, Zeoye Zhang, the president and chief economist in the specific asset management, told CNBC that it might take months until commercial tensions are resolved.
“I don’t have very big expectations for these commercial talks … I doubt that they will reach an agreement soon,” he told CNBC’s China Connection on Monday.
“There may be some accuracy on specific issues, such as rare land, for example, China has already announced that it will provide some permits to foreign companies that apply for imports. Now, this type of temporary solution, we may see some of that comes out. But I doubt that we have a complete solution from this dialogue in the UK,” Zhang added.
https://image.cnbcfm.com/api/v1/image/103378560-GettyImages-588095509.jpg?v=1532564188&w=1920&h=1080
2025-06-09 08:43:00
