Hey news fam! 🚀 Big moves are happening in London as key officials from the Chinese mainland and the U.S. continue their economic and trade consultation talks. The first meeting is already sparking optimism, with many seeing it as a crucial step to ease tensions and lift market spirits.
The discussions come on the heels of a recent phone call between Chinese President Xi Jinping and U.S. President Donald Trump, setting the tone for a cooperative approach. With Chinese Vice Premier He Lifeng at the helm for the Chinese delegation—and U.S. Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick, and Trade Representative Jamieson Greer leading the U.S. side—everyone is keeping a close eye on how this dialogue unfolds.
The talks are a direct outcome of last May's Geneva meeting, where both sides agreed to pause escalating tariffs and set up a consultation mechanism. Those tariff hikes had a ripple effect, hurting the global supply chain, increasing shipping costs, and even prompting signs of economic slowdown. Analysts noted surges in shipping demand, higher freight rates, and uplifting moves in U.S. stock indices, all adding to the positive buzz.
Cooperation is clearly seen as the only way forward. Chinese leader Xi Jinping emphasized dialogue and mutual respect, highlighting that both sides can achieve win-win outcomes through sustained efforts. Experts, like Wu Zewei from Sushang Bank, are excited about the strong foundation laid in Geneva, expecting further bilateral cooperation that could bring shared prosperity for all.
As the talks progress, this initiative not only brightens prospects for bilateral trade but also sends a refreshing signal of optimism to global markets. Stay tuned for more updates as this blockbuster chapter in trade relations continues! 🤝
Reference(s):
China-U.S. trade talks in London receive positive market reception
cgtn.com
