#USChinaTradeTalks
US-China trade talks are currently underway in London, aimed at stabilizing the rocky trade relations between the two countries. The discussions, led by high-ranking officials, follow previous efforts in Geneva to pause the escalating trade war.
*Key Participants:*
- *Chinese Delegation*: Led by Vice Premier He Lifeng
- *US Delegation*: Includes Commerce Secretary Howard Lutnick, Treasury Secretary Scott Bessent, and Trade Representative Jamieson Greer
*Goals and Progress:*
- The talks aim to bolster a fragile truce that has significantly impacted the global economy.
- Previous negotiations in Geneva resulted in a temporary reprieve from the escalating trade war.
- The US and China are working to address contentious issues, including technology and economic policies.
*Background:*
- The trade tensions began due to the US's massive $1.2 trillion trade deficit with China, prompting President Donald Trump to impose tariffs.
- The current talks seek to find a resolution to this national emergency and work towards a more stable trade relationship ¹ ².