A Promising Turn in the US-China Trade Tussle: What Went Down in London
Vice-Premier of China convenes negotiations in ongoing commercial disagreement with the United States - U.S.-China customs disagreement under discussion, with China's second-in-command spearheading the negotiations.
Step right up, folks! Get ready to dive into the juicy details of the latest round of talks between the US and China, two economic powerhouses who are giving the boxing ring a run for its money.
The US President, the one and only Donald Trump, announced a while back that the much-anticipated second round of discussions in this high-stakes trade conflict would take place in none other than the bustling metropolis of London. The folks joining the US President's entourage? US Secretaries of the Treasury and Commerce, Scott Bessent and Howard Lutnick, and the ever-dependable Trump representative, Jamieson Greer. Before you ask, yes, Mr. Trump declared on his favorite online platform, Truth Social, that this meeting "could potentially end really well."
But hang on a minute, there's more! On the very eve of this grand occasion, US President Trump had a chat with China's top dog himself, President Xi Jinping. After the conversation, which lasted a brisk one and a half hours, Trump confirmed that it "went swimmingly," and promised a "super-duper fantastic outcome for both countries."
Now let's rewind for a sec to April, when Trump imposed an eye-watering 145% tariff on China to add fuel to the fire. China, being the savvy survivor it is, retaliated harshly with hefty tariffs of its own. But in mid-May, like a pair of old friends healing up old wounds, the two countries reached an agreement during chats in Geneva to gradually slash those tariffs over an initial 90 days, as a gesture of good faith for the upcoming negotiations.
So buckle up, folks, because things are starting to look pretty rosy for these two economy titans! Stay tuned for more updates, as the specifics of the next steps in this dance remain a mystery for now. But one thing's for sure: we're in for a wild ride!
Trade Conflict
- USA
- China
- Negotiation Round
- London
- US-China Relations
- Donald Trump
- Phone Call
- Trade Negotiators
- Progress
Enrichment Data: According to recent reports, the US and China have reached a preliminary agreement on a framework for a trade deal, which follows the negotiations in London. While details about upcoming negotiations are scarce, both parties are optimistic about a positive trajectory in resolving this trade conflict. Additionally, President Trump stated that the overall trade deal is "done, subject to final approval," hinting at significant progress.
EC countries, recognizing the significance of the US-China trade negotiations, expressed their support for cooperation and dialogue between the two global powers. meanwhile, as the Trump administration finalizes its policy-and-legislation stance on the ongoing war-and-conflicts related to trade with China, general news outlets continue to closely monitor developments in the politics surrounding the situation.
