For a second day in London continued their conversations by their conversations USA and the Chinawith financial markets being on lit charcoal, as the world’s largest economies are trying to agree to allow exports of basic technological and industrial products and to avoid escalating their trade war.
Groups led by US Finance Minister Scott Besed and Chinese Vice President HE Lifeng again met on Tuesday (10.6.2025) shortly after 10:40 am. At Lancaster House, the Georgian Mansion near the Palace of Buckingham.
Speaking to reporters upon arrival of officials, US Secretary of Commerce Howard Lutnik said the talks are going well and is expected to last all day.
President Donald Trump told reporters at the White House on Monday (9.6.2025) that “we are doing well with China. China is not easy, “adding that it” only receives good reports “from Monday’s almost seven -hour meeting. Bessed said after the first day that they had a “good meeting”, according to Bloomberg.
Bonds and foreign markets closely monitor talks on indications of the potential financial impact.
The main issue of this week is to reinstate the terms of an agreement reached in Geneva last month, in which the US understood that China would allow more rare land missions to reach American customers. The Trump government has accused Beijing of moving too late, which threatened with shortages in the domestic manufacturing sectors.
In return, the Trump government is ready to abolish a recent series of measures aimed at chip design software, aircraft engine components, chemicals and nuclear materials, people who know the issue said. Many of these measures have been taken in recent weeks, as tensions between the US and China have been rekindled.
“Victory of China”
“A US decision to recall some of the technological controls will be largely regarded as a victory for China,” said Dexter Roberts, a non -permanent partner at the Atlantic Council Global China Hub. “If we consider the previous government, the possibility of the US to abolish any control was almost unthinkable.”
A month ago, Beijing and Washington agreed to 90 days until mid -August in terms of their extermination duties, in order to give time to resolve many of their commercial disagreements – from tariffs to export controls.
At the same time, the Trump merchant team is struggling to secure bilateral agreements with India, Japan, South Korea and many other countries that are running to do so before July 9, when the so -called US president’s mutual duties are increasing from today’s current 10% level.
Meanwhile, Chinese President Xi Jinping had his first telephone conversation with the newly elected South Korean president Lee Jae Mari and called for co -operation to ensure multimedia and free trade.
“We need to enhance bilateral cooperation and multilateral coordination, preserve multiples and free trade together and ensure the stability and normalcy of global and regional industrial chains and supply chains,” said Si.