US President Donald Trump announced on Friday that his top economic officials will meet with their Chinese counterparts next week to discuss trade, just days after he conducted a phone call with Chinese President Xi Jinping, and also reiterated that Beijing agreed to restart exports of critical minerals.
Advertisement
“I am pleased to announce that Secretary of the Treasury Scott Bessent, Secretary of Commerce Howard Lutnick, and United States Trade Representative, Ambassador Jamieson Greer, will be meeting in London on Monday, June 9, 2025, with Representatives of China, with reference to the Trade Deal,” Trump said on social media.
“The meeting should go very well. Thank you for your attention to this matter!”
Already buoyed by a US jobs report on Friday that narrowly exceeded forecasts, stocks extended gains after Trump’s announcement, with the benchmark S&P 500 index advancing by more than 1 per cent and the tech-heavy Nasdaq Composite Index gaining around 1.3 per cent.
The talks planned for next week will come just four days after Trump held a phone call with Xi to discuss a frayed trading relationship before extending invitations to visit each other’s capitals.
05:05
Trump and Xi discuss Taiwan, troubled US-China trade ties in call breaking stand-off
Trump and Xi discuss Taiwan, troubled US-China trade ties in call breaking stand-off
Trump said shortly after the call on Thursday that the exchange “resulted in a very positive conclusion for both Countries”.