Senior delegations expected to discuss fragile tariffs deal in bid to avert trade war between world’s two biggest economies.
High-level delegations from the United States and China are to meet in London to try to save a fragile tariffs deal and avert a possible trade war that has already roiled the global economy and sparked fears of recession.
The meeting on Monday follows negotiations in Geneva last month that resulted in a temporary respite in the trade war between the world’s two biggest economies. However, the agreement to suspend most of the 100 percent-plus tariffs each had imposed on the other for 90 days has been followed by barbs fired by both sides.
US Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick and Trade Representative Jamieson Greer will meet with a Chinese delegation led by Vice Premier He Lifeng at an undisclosed location in the British capital.
“The meeting should go very well,” US President Donald Trump, who announced the talks on Friday after a phone call with Chinese leader Xi Jinping, wrote on social media.
