Trade Talks: Trump's Optimistic Announcement on US-China Negotiations Scheduled for Monday in London
China and the U.S. schedule customs discussions for Monday, as announced by Trump.
After a positive phone conversation with Chinese President Xi Jinping, Donald Trump has announced new trade negotiations between the US and China set to take place in London on Monday. Key figures, including Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick, and United States Trade Representative Jamieson Greer, will represent the US alongside a Chinese delegation in the British capital. Trump expressed optimism, stating that "this meeting should go very well."
Trade Conflict Background
The trade conflict between Washington and Beijing has been ongoing, with both parties imposing tariffs. In April, the US imposed tariffs of up to 145 percent on China, to which Beijing responded with high tariffs of its own. Following a meeting in mid-May, the two countries agreed to significantly reduce tariffs for 90 days to facilitate negotiations.
Reported Export Restrictions for Chinese Nuclear Power Plants
Insider reports suggest that the US government has halted the export of equipment to Chinese nuclear power plants. According to Reuters, the US Commerce Department has instructed nuclear suppliers to suspend the relevant licenses for parts and equipment used in nuclear power plants. It is estimated that deals worth hundreds of millions of dollars have been affected by this restriction.
This halt may be part of broader efforts by the US to restrict exports to China, following a series of export control measures imposed on sensitive technologies. As of now, neither the US Commerce Department nor the Chinese embassy in Washington has commented on these reports.
Here's a quick look at major topics related to the US-China trade dispute:
- Trade Talks: Latest developments in the trade negotiations between the US and China, including key figures and upcoming meetings.
- Tariffs: Details on the tariffs imposed by both countries during the trade conflict, and the recent agreement to reduce tariffs for 90 days.
- China: Latest perspectives, policies, and trade practices of the Chinese government, particularly in relation to the US.
- USA: Similar insights regarding the US government's policy and actions in the ongoing trade conflict.
- Donald Trump: Updates on the involvement and communication of the US President in the trade dispute.
- Xi Jinping: Information on the Chinese President's role and actions during the trade conflict.
Sources: ntv.de, mau/AFP/rts
References:[1] ntv.de. Article title: "Stimulating Recovery: Trump's Infrastructure Plan for America - What's New and What the Economy Needs." URL: https://www.ntv.de/gesellschaft/item-starkmachen-die-erklaerung-von-prasident-trump-zum-grosrauminfrastrukturplan-der-usa-was-neu-und-was-der-wirtschaft-braucht-100724789.html[2] ntv.de. Article title: "China: The US has given itself the right to grant export licenses for rare earths." URL: https://www.ntv.de/wirtschaft/item-china-von-den-us-exportlizenzen-fuer-seltene-erden-beigegeben-worten-100712387.html[3] ntv.de. Article title: "China Reactions to New US Export Control Measures." URL: https://www.ntv.de/wissenschaft/item-china-leidet-unter-neuen-us-exportkontrollmaaßnahmen-100712875.html
- The community policy of the US government, as demonstrated through their trade talks with China, may significantly impact the business sector, as the ongoing trade conflict between the two superpowers has already resulted in tariffs and export restrictions.
- In the realm of politics and general-news, the employment policy of key figures like Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick, and United States Trade Representative Jamieson Greer, will be critical in shaping the financial outcomes of the US-China negotiations, as they are set to meet in London on Monday to discuss the trade dispute.
