Lancaster House in London hosted vital U.S.-China tariff negotiations aimed at preventing an escalation in their ongoing trade war. Key figures like Commerce Secretary Howard Lutnick and Chinese Vice Premier He Lifeng attended discussions that have garnered global attention. While a previous truce agreement was established in Geneva, deteriorating relations have led to accusations of violations by both sides. Key issues include China's tariffs on U.S. goods and calls for increased purchases of American products, as negotiated during the so-called Phase One deal.
While the situation remains tense, U.S.-China negotiations in London may hold a potential pathway to alleviate rising tariff conflicts and avoid deeper trade war impacts.
China's economic delegation is under pressure to address key U.S. concerns, including tariff levels and trade deficits, with world leaders closely monitoring the outcomes.
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