New Trade Talks Between China, US Set for Monday

A new round of talks aimed at resolving the trade war between the US and China is set to take place in London on Monday.

A senior US delegation including Commerce Secretary Howard Lutnick will meet with Chinese representatives such as Vice Premier He Lifeng to resolve tensions between the world’s two largest economies, which is threatening global growth.

Chinese exports of rare earths, which are crucial for modern technology, as well as Beijing’s access to US products, including computer chips, are expected to be high on the agenda.

Last month, Washington and Beijing agreed a temporary truce over trade tariffs but each country has since accused the other of breaching the deal.

The new round of negotiations follows a phone call between Donald Trump and China’s leader Xi Jinping last week which the US president described as a “very good talk”.

Trump said the call – the first between the two leaders since the trade war erupted in February – “resulted in a very positive conclusion for both countries”.