World Economy Nervously Watches U.S.-China Trade Talks

U.S. Treasury Secretary Scott Bessent (L) and U.S. Trade Representative Jamieson Greer speak to the media after their talks with Chinese officials in Geneva on May 11. Photo by VALENTIN FLAURAUD / AFP

U.S. and Chinese delegations are meeting in London on Monday for their second round of trade talks. He Lifeng, China’s Vice Premier for Economic Policy, will lead the Chinese side, while the U.S. will be represented by Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick, and Trade Representative Jamieson Greer.

U.S. President Donald Trump and Chinese counterpart Xi Jinping finally spoke by phone last week, and invited each other to visit. Trump confirmed that he will travel to China “at a certain point,” although the Chinese readout didn’t mention a trip by Xi to the White House.

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