June 12th, 2025
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America and China will talk about trade again. They had problems before, but now they agree to try again. Both countries said this.
They told us the news after two days of meetings in London. The meetings finished on Tuesday.
They talked about problems with selling things. These problems made their agreement weak. We don't know if they fixed the big problem: China sells more to the US.
First, we had to make the bad feelings go away. Now we can move on.
Asian stocks went up on Wednesday. They agreed to the plan before this.
Last week, the presidents of America and China talked. They wanted to make things good again.
Li Chenggang said China and another country made a plan. This plan will help them work together. They talked about it on the phone and in meetings.
We don't have more information now. We don't know if they will talk again.
Li and Wang Wentao from China met some people in London. They met Lutnick, Scott Bessent, and Jamieson Greer at a big house. The house is near Buckingham Palace.
Wendy Cutler worked for the U.S. government. She said they lost 30 days to fix their problems. They have 90 days in total.
Countries in Geneva made a deal. They will stop some high taxes for 90 days. This can help the world economy.
Cutler said the U.S. and China were slow to fix their agreements. He said they only have 60 days to talk about problems like unfair trade and too many products.
The U.S. and China are angry. They are talking about computer parts, students, and special rocks.
China makes special materials. They want to sell more. China wants the U.S. to let them use technology for making computer parts.
Lutnick said that fixing the rare earths problem is very important for the plan. The U.S. will stop some things they did before. He did not say what things.
He said, "When they say 'yes' to the papers, it will be easier to send things out."
Cutler said the U.S. will not talk about its rules for selling things to other countries. She said China has been unhappy about these rules for a long time.
She said the U.S. let China ask for more rules about selling things later.
A court in the US said the government can still collect extra money on goods from China and other countries. The government wants to change this rule.
Trump said he wants to sell more American things in China. China makes many things.
Trump said at the White House, "If we don't open China, maybe we will not do anything. But we want to open China."
June 12th, 2025
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