Article
Trump-Xi Call Sparks Renewed US-China Trade Talks in London
Summary
US-China trade talks resume in London after Trump-Xi call, focusing on rare earths and tech tensions amid a fragile tariff truce.
The United States and China renewed high-level talks over trade in London after a key phone call between the two presidents, Donald Trump and Xi Jinping. To stabilize fragile peace, Lancaster House is hosting talks aimed at resolving tensions that have remained strained for months over rising tariffs and diplomatic tension.
The US delegation, led by Treasury Secretary Scott Bessent and Commerce Secretary Howard Lutnick, met with Chinese Vice Premier He Lifeng and Commerce Minister Wang Wentao. Central to the discussions are rare earth exports and US restrictions on semiconductors and student visas.
The revived conversation followed a 90-day suspension of tariffs the two sides agreed to in Geneva last month. But tensions flared anew over export controls and allegations of non-compliance. Trump called the latest phone call with Xi "very good," the president said, offering hope for a breakthrough.
Markets responded positively, with stocks surging after Trump delayed the implementation of new tariffs. While the UK is not directly involved, it is hosting the talks and has expressed support for free trade and de-escalation.