U.S., China To Meet For Trade Talks Monday

Representatives from the U.S. and China will meet in London Monday, President Donald Trump said Friday in a social media post.

The meeting could be another step toward defusing the trade war between the world’s two biggest economies. Trump posted on Truth Social that top officials from the U.S., including Treasury Secretary Scott Bessent, will make the trip. Trump’s announcement came the day after Trump and Chinese leader Xi Jinping spoke over the telephone to discuss a possible trade agreement.

Earlier in the year, the two countries raised tariffs on one another’s imports, with the U.S. levy reaching 145% in April, virtually an embargo. Since then, the U.S. and China have paused some of the tariffs and sought to negotiate lower trade barriers.

The outcome of negotiations has significant implications for the economy and for U.S. consumers because so many products on U.S. store shelves are made in China. Retailers have warned that high import taxes on Chinese imports threaten supply lines and could result in higher prices and empty shelves for U.S. shoppers in the coming months if they are not lowered.