Donald Trump says US-China trade talks to be held in London on June 9

Donald Trump said a new high-level round of trade talks between the US and China would take place on Monday in London, as Washington and Beijing move quickly to try to stabilise their fraught economic relations, Report informs via FT.

The US president announced details of the negotiations a day after a phone call with Chinese President Xi Jinping during which the two leaders agreed to try to ease the trade war that has been shaking financial markets.

Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick and US trade representative Jamieson Greer will be meeting in London on June 9 with “Representatives of China, with reference to the Trade Deal”, Trump announced in a Truth Social post on Friday. “The meeting should go very well. Thank you for your attention to this matter!”

The Chinese embassy in Washington did not immediately respond to a request for comment on the planned talks in London.

The planned meeting in London next week comes little more than two months after Trump’s “liberation day” tariffs unleashed a tit-for-tat escalation in levies between the world’s largest economies that soared as high as 145 per cent. Last month in Geneva, Bessent sealed a deal on behalf of Trump to mutually reduce the tariffs in the face of a market backlash and concerns of severe damage to global supply chains.