The Fort Worth Press - US, China seek to extend trade truce with London talks

USD -
AED 3.67315
AFN 64.503991
ALL 81.825041
AMD 375.730403
AOA 917.000367
ARS 1371.22092
AUD 1.415228
AWG 1.8
AZN 1.70397
BAM 1.669184
BBD 2.013382
BDT 122.811959
BHD 0.377307
BIF 2970
BMD 1
BND 1.273779
BOB 6.907027
BRL 5.009204
BSD 0.99965
BTN 92.724325
BWP 13.418953
BYN 2.86914
BYR 19600
BZD 2.01024
CAD 1.38435
CDF 2300.000362
CHF 0.789223
CLF 0.02274
CLP 894.990396
CNY 6.828041
CNH 6.824955
COP 3648.52
CRC 462.657142
CUC 1
CUP 26.5
CVE 94.52504
CZK 20.788404
DJF 177.720393
DKK 6.372904
DOP 60.37504
DZD 132.19904
EGP 53.108563
ERN 15
ETB 156.503874
EUR 0.852704
FJD 2.211504
FKP 0.743942
GBP 0.743218
GEL 2.690391
GGP 0.743942
GHS 11.02039
GIP 0.743942
GMD 73.503851
GNF 8777.503848
GTQ 7.646943
GYD 209.113794
HKD 7.83205
HNL 26.60504
HRK 6.425904
HTG 131.073388
HUF 320.203831
IDR 17089.3
ILS 3.03421
IMP 0.743942
INR 93.10625
IQD 1310
IRR 1316125.000352
ISK 122.190386
JEP 0.743942
JMD 158.051054
JOD 0.70904
JPY 159.25504
KES 129.150385
KGS 87.450384
KHR 4015.00035
KMF 420.00035
KPW 900.013392
KRW 1484.570383
KWD 0.30869
KYD 0.832956
KZT 472.33861
LAK 21960.000349
LBP 89550.000349
LKR 315.479086
LRD 184.203772
LSL 16.440381
LTL 2.95274
LVL 0.60489
LYD 6.355039
MAD 9.282504
MDL 17.221487
MGA 4145.000347
MKD 52.551042
MMK 2100.499472
MNT 3595.336475
MOP 8.063319
MRU 39.995039
MUR 46.503741
MVR 15.460378
MWK 1736.503736
MXN 17.301804
MYR 3.965039
MZN 63.960377
NAD 16.440377
NGN 1359.503725
NIO 36.730377
NOK 9.524904
NPR 148.358578
NZD 1.713797
OMR 0.384827
PAB 0.999531
PEN 3.388039
PGK 4.311504
PHP 59.876504
PKR 278.950374
PLN 3.628288
PYG 6464.910259
QAR 3.646038
RON 4.342304
RSD 100.136038
RUB 77.104556
RWF 1460.5
SAR 3.753193
SBD 8.058149
SCR 14.033008
SDG 601.000339
SEK 9.27195
SGD 1.274104
SLE 24.625038
SOS 571.503662
SRD 37.449038
STD 20697.981008
STN 21.25
SVC 8.747045
SYP 110.548127
SZL 16.435038
THB 32.103646
TJS 9.500448
TMT 3.505
TND 2.887038
TRY 44.665038
TTD 6.784102
TWD 31.741804
TZS 2605.000335
UAH 43.431822
UGX 3698.867467
UYU 40.334212
UZS 12160.000334
VES 475.837804
VND 26336
VUV 119.210481
WST 2.744958
XAF 559.761915
XAG 0.01312
XAU 0.00021
XCD 2.70255
XCG 1.80164
XDR 0.698112
XOF 560.503593
XPF 102.250363
YER 237.150363
ZAR 16.41824
ZMK 9001.203584
ZMW 19.016086
ZWL 321.999592
  • RBGPF

    -13.5000

    69

    -19.57%

  • BCE

    -0.5400

    23.35

    -2.31%

  • BCC

    -0.4100

    80.17

    -0.51%

  • CMSD

    0.0400

    22.63

    +0.18%

  • GSK

    -0.1500

    58.21

    -0.26%

  • CMSC

    0.0400

    22.43

    +0.18%

  • AZN

    -0.9600

    204.03

    -0.47%

  • RIO

    1.1300

    98.26

    +1.15%

  • JRI

    0.0400

    13.02

    +0.31%

  • NGG

    -0.0300

    90.29

    -0.03%

  • RELX

    -0.0400

    33.3

    -0.12%

  • BTI

    -0.0400

    58.81

    -0.07%

  • RYCEF

    -0.2000

    17

    -1.18%

  • VOD

    -0.1600

    15.69

    -1.02%

  • BP

    0.5400

    46.44

    +1.16%

US, China seek to extend trade truce with London talks
US, China seek to extend trade truce with London talks / Photo: © POOL/AFP/File

US, China seek to extend trade truce with London talks

After a round of talks in Geneva last month, the United States and China will sit down at the negotiating table in London on Monday to attempt to preserve a fragile truce on trade, despite simmering tensions.

Text size:

US Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick and Trade Representative Jamieson Greer will lead the US delegation, President Donald Trump announced Friday.

Chinese Vice Premier He Lifeng -- who led Beijing's negotiating team in Geneva -- will also lead the team in London, the foreign ministry announced at the weekend.

"The meeting should go very well," Trump said in a post on his Truth Social platform.

His press secretary, Karoline Leavitt, told Fox News on Sunday: "We want China and the United States to continue moving forward with the agreement that was struck in Geneva."

While the government of UK Prime Minister Keir Starmer reiterated that it was not involved in the content of the discussions in any way, a spokesperson said: "We are a nation that champions free trade."

UK authorities "have always been clear that a trade war is in nobody's interests, so we welcome these talks," the spokesperson added.

- 'Correcting the course' -

The talks in London come just a few days after Trump and Chinese President Xi Jinping finally held their first publicly announced telephone talks since the Republican returned to the White House.

Trump said that call, which took place on Thursday, had reached a "very positive conclusion."

Xi was quoted by state-run news agency Xinhua as saying that "correcting the course of the big ship of Sino-US relations requires us to steer well and set the direction."

The call came after tensions between the world's two biggest economies had soared, with Trump accusing Beijing of violating a tariff de-escalation deal reached in Geneva in mid-May.

"We need China to comply with their side of the deal. And so that's what the trade team will be discussing tomorrow," Leavitt said Sunday.

In April, Trump introduced sweeping worldwide tariffs that targeted China most heavily.

At one point the United States hit China with additional levies of 145 percent on its goods as both sides engaged in tit-for-tat escalation. China's countermeasures on US goods reached 125 percent.

Then in Switzerland, after two days of talks, the two sides agreed to slash their staggeringly high tariffs for 90 days.

But differences have persisted, including over China's restrictions on the export of rare earth minerals used in tech products.

- 'Green channel' -

Throughout its talks with Washington, China also has launched discussions with other trading partners -- including Japan and South Korea -- in a bid to build a united front to counter Trump's tariffs.

On Thursday, Beijing turned to Canada, with the two sides agreeing to regularize their channels of communication after a period of strained ties.

Canadian Prime Minister Mark Carney and Chinese Premier Li Qiang also discussed trade and the fentanyl crisis, Ottawa said.

Beijing proposed establishing a "green channel" to ease the export of rare earths to the European Union, and fast-tracking approval of some export licenses.

That proposal from the commerce ministry in Beijing came after talks on Tuesday between China's Commerce Minister Wang Wentao and EU Trade Commissioner Maros Sefcovic.

China is expected to host a summit with the EU in July, marking 50 years since Beijing and Brussels established diplomatic ties.

A.Nunez--TFWP