June 12th, 2025
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The U.S. and China talked about trade again. They want to fix their problems and start talking nicely.
The news came after two days of talks in London. The talks ended on Tuesday night.
They talked about how to stop problems with selling things like rocks and new machines. These problems made their peace about trade weak. We don't know if they fixed the main problem: China sells much more to America than America sells to China.
First, they needed to remove the bad feelings. Now they can move forward. Howard Lutnick told reporters this after the meetings.
Asian stock markets went up on Wednesday. They made a deal.
Last week, the presidents of America and China talked. They wanted to make things better.
Li Chenggang said China and the other side made a plan. This plan is about their talks on the phone and in Geneva. Xinhua News Agency reported this.
We do not have more information now. We do not know if they will talk again.
Li and Wang Wentao from China met some people in London. They met Mr. Lutnick and others at a big, old house.
Wendy Cutler worked for the U.S. government. She said they lost 30 days. They have 90 days to fix their problems.
Countries in Geneva made a deal. They stopped high taxes on goods for 90 days. These taxes caused problems. The World Bank said the economy will grow less this year.
Cutler said the U.S. and China did not fix their plans fast enough. They only have two months to talk about problems like bad trade and drugs.
After their meeting, the U.S. and China are angry. They argue about computer parts for smart machines, papers for Chinese students in America, and special rocks for cars and other companies.
China makes special materials. They want to sell more. China also wants the U.S. to let them buy special technology for computers.
Lutnick said that fixing the rare earths problem is a big part of their plan. The U.S. will stop some things it 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 does not like these rules and has talked about them for many years.
She said the U.S. did something. Now China can ask to talk about rules for selling things later.
In America, a court said the government can still get money from taxes on things from China and other countries. The government wants to keep these taxes.
Trump said he wants to sell more American things in China. China makes a lot of things.
Trump said at the White House, "If we don't open China, maybe we will do nothing. But we want to open China."
June 12th, 2025
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