The U.S. and China maintained their trade negotiations in London throughout Tuesday while officials attempted to expand the current tariff agreement and resolve ongoing trade disputes.
The historic mansion Lancaster House near Buckingham Palace served as the meeting location where Commerce Secretary Howard Lutnick joined Treasury Secretary Scott Bessent and Trade Representative Jamieson Greer to discuss matters with China’s Vice Premier He Lifeng. The Chinese delegation included officials Wang Wentao and Li Chenggang.
Lutnick informed reporters that the negotiations were progressing well as he arrived for the second day of talks and predicted the discussions would continue throughout the day. President Trump stated that the negotiations were advancing well despite his acknowledgment that China presents difficult negotiation challenges.
The discussions took place after Geneva officials agreed to suspend most tariffs for 90 days during the previous month. Market participants anticipate that the ongoing discussions will establish permanent solutions to prevent additional economic instability that could push the global economy toward recession.
The ongoing trade tensions have disrupted both markets and supply chains because essential products including semiconductors and rare earths have become targets in the dispute. These negotiations will determine major consequences for industries and worldwide economic expansion.
