U.S.-China Trade Talks Show Progress, But Big Hurdles Remain
Trade negotiations between the United States and China are moving forward, according to U.S. Commerce Secretary Howard Lutnick.
Talks resumed in London with senior U.S. officials, including Treasury Secretary Scott Bessent and Trade Representative Jamieson Greer, engaging with Chinese Vice Premier He Lifeng and other top diplomats.
The meetings aim to expand on a temporary truce reached in May 2025 in Geneva. That agreement slashed U.S. tariffs on Chinese goods from 145% to 30% and lowered Chinese tariffs on American products from 125% to 10%.
Despite a positive tone, tensions remain. Both nations have accused each other of breaching the Geneva deal. Disputes focus on rare earth exports and ongoing U.S. technology restrictions.
Analysts believe real progress is happening, but also caution that deep disagreements persist. A long-term agreement is unlikely in the near future.
Kosta Gushterov
Reporter at Coindoo
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