U.S.-China trade negotiations might extend to a third day, according to Lutnick's statements.
Heads Up! Trade Talks Between US and China in London Might Go On Into a Third Day
It looks like the trade negotiations between the United States and China, happening in London since Monday, might stretch into a third day. According to US Commerce Secretary Howard Lutnick, things are looking good.
"We're working on a whole bunch of trade issues, and I think these talks are going fantastic," Lutnick told reporters at the UK government mansion where the talks are taking place. He added, "Everybody's really putting in the effort and time, working closely through it."
The US team, led by Lutnick, Treasury Scott Bessent, and Trade Representative Jamieson Greer, are in discussion with China's delegation, headed by Vice-Premier He Lifeng. This meeting is the first under the new China-US economic and trade consultation mechanism[1].
Reports suggest that the two sides have been working towards a temporary deal to ease the ongoing trade war tension, but nothing's been finalized yet. It's crucial to note that the agreement reached in London still needs formal approval from both President Trump and Chinese President Xi Jinping[1].
A potential reason for the possible extension of the negotiation beyond two days could be the complexity of ironing out the details. However, as of now, there's no official confirmation regarding a third day of talks[1].
Stay tuned for updates on this developing story!
Insights:- While progress has been made, the deal is still not finalized and needs approval from both leaders.- The agreement comes after a prolonged period of increased tension, with retaliatory tariffs potentially resuming on July 9 unless the deal is formalized.- The specifics of the agreement are not yet disclosed, and it mainly aims to address the issues causing economic strain between the two nations.
- The extension of the trade talks between the US and China into a third day may indicate the intricate policy-and-legislation details being negotiated, ultimately affecting the economy of both countries.
- As politics surrounding war-and-conflicts and trade policy have driven the US and China apart, these talks in London serve as a promising step towards resolving their differences and stimulating trade.
- Should the negotiations achieve a temporary deal, the agreement would not only impact general-news headlines but also bring positive changes to trade relations, potentially influencing the global technology sector.
