Trump Says Top U.S. Officials to Meet Chinese Negotiators on Monday for Trade Talks
U.S. President Donald Trump said Friday that Treasury Secretary Scott Bessent and other top American officials will meet Monday in London with Chinese negotiators about a trade deal, predicting that the talks "should go very well."
"I am pleased to announce that Secretary of the Treasury Scott Bessent, Secretary of Commerce Howard Lutnick and United States Trade Representative, Ambassador Jamieson Greer, will be meeting in London on Monday, June 9, 2025, with representatives of China, with reference to the trade deal. The meeting should go very well."
Top U.S. and Chinese negotiators last met in Switzerland in early May, agreeing on a 90-day truce to most tariffs the two nations had put on many of each other's products.
An announcement on May 12 of the temporarily trade deal sent stocks rallying that day, as Wall Street has generally panned Trump's tariffs and other nations' retaliation against American goods.
Many investors fear tariffs and counter-tariffs could just increase U.S. inflation and unemployment at the same time, leading to "stagflation."
Friday's announcement of fresh talks helped solidify a modest rally on Wall Street. As of shortly before 3:15 p.m. ET, the $Nasdaq Composite Index (.IXIC.US)$ was trading 1.4% higher at 19.570.31, while the $S&P 500 Index (.SPX.US)$ gained 1.2% to 6,007.62 and the $Dow Jones Industrial Average (.DJI.US)$ rose 1.1% to 42,768.12.
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Jerry Kronenberg
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73874293 : so, is this a coded message that ‘the stock market’ will explode towards the moon!
74170692 : To fix the problem he created
冲冲冲。 74170692 : Has anyone felt that the status of the United States has declined significantly because of him.
102875548 73874293 : YES
No jokes : more TACOs
affable Blobfish_403 : The funds from a few countries are insufficient to address the current difficulties in the United States; it is necessary to take the money from the majority of wealthy countries, but is this really possible?! The stock market is using so-called Bullish news to hype up; wages are rising while small and large non-farm jobs are decreasing, which is clearly a sign of stagnation, yet it is being treated like a celebration, which is interesting.
73709426 : good morning
Dan’l : Hoping they don’t act like the three stooges when they meet with China.
During recent trade negotiations between the United States and Japan, an incident occurred where three U.S. cabinet officials—Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick, and U.S. Trade Representative Jamieson Greer—engaged in open disagreement in front of their Japanese counterparts. According to sources cited in posts on X and a Nikkei Asia report, the U.S. officials paused the talks with the Japanese delegation to debate among themselves, creating confusion and complicating the negotiations. The disagreement stemmed from differing stances on trade policy, with the officials reportedly competing for influence and credit, which made it difficult for Japan to discern the Trump administration’s unified position.
The negotiations, part of ongoing efforts to address U.S. tariffs on Japanese goods (including a 24% tariff set to take effect in July 2025 unless a deal is reached), have been marked by tension. Japan, led by Economic Revitalization Minister Ryosei Akazawa, has pushed for tariff reductions or exemptions, particularly on automotive parts, while offering concessions like increased purchases of U.S. defense equipment and agricultural goods. However, the lack of cohesion among U.S. negotiators has stalled progress, with no clear resolution reported from the incident.