$BTC LONDON: China and the United States began a new round of trade negotiations in London on Monday (June 9), state media in Beijing reported, as the two largest economies in the world seek to bolster an unstable truce after the tough eye-for-an-eye tariffs.

Both sides will meet at the historic Lancaster House, managed by the UK Foreign Office, following an initial round of talks in Geneva last month.

Chinese Vice Premier He Lifeng again led the team in London. China's state news agency, Xinhua, reported the start of the talks.

Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick, and Trade Representative Jamieson Greer head up the US delegation, President Donald Trump said on Friday.