U.S. and China to talk trade after Trump, Xi call – National [Video]

High-level delegations from the United States and China are meeting in London on Monday to try and shore up a fragile truce in a trade dispute that has roiled the global economy.

A Chinese delegation led by Vice Premier He Lifeng was due to hold talks with U.S. Commerce Secretary Howard Lutnick, Treasury Secretary Scott Bessent and Trade Representative Jamieson Greer at a U.K. government building.

The talks, which are expected to last at least a day, follow negotiations in Geneva last month that brought a temporary respite in the trade war.

The two countries announced May 12 they had agreed to a 90-day suspension of most of the 100%-plus tariffs they had imposed on each other in an escalating trade war that had sparked fears of recession.

The U.S. and China are the world’s biggest and second-biggest economies. Chinese trade data shows that exports to the United States fell 35 per cent in May from …