June 12th, 2025
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US and China leaders talked about trade. They want to make their talks good again after some problems. Both sides said yes.
The news was shared after two days of meetings in London. The meetings finished on Tuesday.
They talked about problems with selling things like rocks and machines. These problems made their peace agreement weak. We don't know if they fixed the big problem: China sells a lot more to the U.S. than the U.S. sells to China.
Howard Lutnick said they felt bad before. Now they can move on.
Asian stocks went up on Wednesday because they made a deal.
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. They will use the ideas from their talks. Xinhua News Agency said this.
We don't have more information now. We don't know if they will talk again.
Li and Wang Wentao from China went to London with He Lifeng. They met some people at a big, old house near Buckingham Palace.
Wendy Cutler worked for the U.S. She said they lost 30 days. They have 90 days to fix their problems.
Countries in Geneva said they will stop big taxes on many things for 90 days. They put these taxes on each other before. This made people worried about money. The World Bank said the world's money will not grow as much this year because of these taxes.
Cutler works at the Asia Society. He said the U.S. and China must fix their agreements. They have only 60 days to talk about problems like trade and drugs.
The U.S. and China are angry. They talk about computer parts for AI, papers for Chinese students, and special rocks for cars.
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 solving the rare earths problem is very important for the 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, we can send things out more easily."
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 taxes on things from China and other countries. The government wants the court to say yes to these taxes.
Trump said he wants to sell more American things in China. China makes a lot of things.
Trump said, "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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