Donald Trump says that the US -Chinese trade talks will be held in London on June 9

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Donald Trump said a new round of high -level trade talks between the United States and China will take place on Monday in London, where Washington and Beijing will move quickly to try to stabilize their risky economic relations.

The US President announced the details of the negotiations a day after A phone call With Chinese President Xi Jinping, in which the two leaders agreed to try to reduce the trade war that shakes the financial markets.

Treasury Secretary Scott Bessin, Trade Houard Lottenic, and American Trade Representative Jameson Jarir in London on June 9 with “China’s representatives, with reference to the commercial deal”, Trump announced a social position in fact on Friday. “The meeting should go very well. Thank you for your interest in this!”

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

The planned meeting comes in London next week a little more than two months later Trump’s tariff, “Liberation Day” It launched a bilateral escalation in the fees between the largest economies in the world that rose to 145 percent. Last month in Geneva, Bessent concluded a deal on behalf of Trump to reduce mutual definitions in the face of a violent market reaction and fears of severe damage to global supply chains.

But even after the truce in Switzerland, the tensions between the United States and China remained high. Some of the most famous points, such as rare land exports and trade in advanced technologies, will be high on the agenda in London negotiations.

The launch of the new round of talks in the UK capital will be reassuring for investors, pointing to the desire in Washington and Beijing not to tire completely The economic relationship.

During the Biden administration, as well as during the first Trump administration, the periods of economic friction between the United States and China were often followed by periods of disposal of deals through similar talks at the ministerial level.

While they were invited, Trump also agreed to mutual visits to each other’s countries, but they did not settle on any dates.

Wall Street took the news of the talks in his step on Friday. The S&P 500 got its gains early in the session and it rose by 1 percent during the afternoon trading.