President Trump said on Friday that the United States and China would begin their second round of economic talks on Monday in London, resuming negotiations over tariffs and global supplies of rare earth minerals that have begun to threaten the global economy.
The American delegation will be led by Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick and Jamieson Greer, the United States trade representative, Mr. Trump said in a post on Truth Social. It was not immediately clear who would represent China, but He Lifeng, China’s vice premier for economic policy, led the previous round of talks in Switzerland.
The announcement of renewed talks came days after Mr. Trump held a call with Xi Jinping, China’s president, that was intended to break a deadlock that was poised to derail a trade truce that the countries reached in early May in Geneva. Under that truce, the United States reduced Mr. Trump’s tariff on Chinese imports to 30 percent from 145 percent, and China lowered its import duty on American goods to 10 percent from 125 percent.
But in recent weeks, the tension between the United States and China re-emerged, tied to mineral exports to the United States, which China had recently halted. The Trump administration also proposed a plan to revoke visas for Chinese students associated with the Communist Party or studying in critical fields.
On Wednesday, Mr. Trump wrote on social media that Mr. Xi was “VERY TOUGH, AND EXTREMELY HARD TO MAKE A DEAL WITH.”
A day later, however, Mr. Trump said that his 90-minute call with Mr. Xi had been productive.
“I just concluded a very good phone call with President Xi, of China, discussing some of the intricacies of our recently made, and agreed to, Trade Deal,” Mr. Trump said, adding that it “resulted in a very positive conclusion for both Countries.”
Alan Rappeport is an economic policy reporter for The Times, based in Washington. He covers the Treasury Department and writes about taxes, trade and fiscal matters.
The post U.S. and China to Hold Economic Talks in London appeared first on New York Times.
