US President Donald Trump said on Friday that senior US economic officials would meet Chinese counterparts in London next week to restart negotiations toward a much-awaited trade deal between the two countries.
Trump said that US Treasury Secretary Scott Bessent, Secretary of Commerce Howard Lutnick, and US Trade Representative Ambassador Jamieson Greer will sit down with Chinese officials on Monday, June 9, 2025, to resume talks that were the result of recent diplomatic meetings.
“Happy to inform that Secretary of the Treasury Scott Bessent, Secretary of Commerce Howard Lutnick, and United States Trade Representative, Ambassador Jamieson Greer, are meeting in London on Monday, June 9, 2025, with Representatives of China, with regards to the Trade Deal,” Trump posted on social media. “The meeting should be very good. Thank you for your attention to this matter!”
The declaration came one day after the phone call between Trump and Chinese President Xi Jinping to defuse rising tensions regarding an increasingly tense trading relationship. Trump termed the conversation as “very positive,” and said the two leaders had invited each other for state visits.
Financial markets responded positively to the news. US shares extended gains made previously, fueled by a better-than-expected jobs report. The S&P 500 gained more than 1 percent, while Nasdaq Composite gained about 1.3 percent.
The following dialogue is an aftermath of the Geneva consensus weeks ago, when both parties agreed on a 90-day period of tariff reductions. Accusations of non-compliance from both Washington and Beijing, however, had derailed progress.
Trump’s most recent comments are decidedly more upbeat than what has been heard before, providing tentative hope that the world’s two economic titans could be heading toward a new trade agreement. Chinese officials have not yet confirmed the meeting to occur.
