China and the United States should continue the trade talks, while Trump appeals “good reports”

US China trade talks should be continued in London on Tuesday, since the two most important economies in the world want to differentiate between the leaders of the two countries after a call.

president Donald TrumpThe top trading officers met their Chinese colleagues in London on Monday. Finance Minister Scott Bessent, the Minister of Commerce Howard Lutnick and the sales representative Jamieson Greer negotiate on behalf of the USA

Trump has authorized the Bessent team to remove us restrictions on the sale of chipmaking software, jet -engine parts and ethane. The Wall Street Journal reportedQuote sources that are familiar with the matter.

Trump said that The conversations went well And he “only get good reports,” said Reuters.

China’s Ministry of Foreign Affairs said Saturday The deputy Prime Minister He Lifeng, Beijing’s senior commercial negotiator, will be in Great Britain from June 8th to 13th. Minister of Commerce Wang Wentao and China International Sales Representative and Vice Minister of Trade Li Chengang also According to the state media, the talks took part in the talks on Monday.

Kevin Hassett, director of the National Economic Council, told CNBC on Monday “Squawk box“The fact that the United States was looking for a confirmation would restore the rivers of restoring Critical minerals.

“The purpose of today’s meeting is to ensure that they are serious, but literally get hand shakes … and to get this thing behind us,” said Hassett.

He added that he expected “a short meeting with a large, strong handshake”.

“We are expected to … relieve all export controls from the USA immediately after the handshake and the rare earths are released in volume, and then we can negotiate minor affairs again,” said Hassett.

The discussions will continue on Tuesday morning, a source that is familiar with the situation, said Megan Casella from CNBC.

The conversations come after Trump said last week He had held a long call with the Chinese President Xi Jinping Because both avert a full -grown trade war.

The diplomatic efforts of both sides have increased after weeks of increased trade voltage and uncertainty after Trump announced extensive import duties for China and other trading partners in April.

Beijing returned, and there was a Titat-Tat escalation in the duties before both sides agreed in Geneva in May to temporarily lower the tasks for 90 days and to facilitate discussions. At that time, the US tariff for Chinese imports was reduced from 145% to 30%, while Chinese taxes for US imports were reduced from 125% to 10%.

China and the United States have repeatedly accused each other against the Geneva Agreement, with Washington said that Beijing had only slowly approved the export of additional critical minerals in the United States, while China criticized the United States that imposed new restrictions on Chinese students and additional export restrictions on chips.

The American press spokesman Karoline Leavitt said on Sunday that the London talks would concentrate on promoting the Geneva Agreement and determining the strategic interests of the two sides at the other’s markets.

“There is absolutely no other way to describe all of this, and it is about how data flow. It’s about information. It is about AI. It is also about defense. Chinas are expanding its ammunition production at the moment. Therefore, it is about how these two economies actually compete and in a digital world in which nobody knows what the power of the power of the nation-sted Has “,” CNBC, “said CNBC. “Squawk Box Europe. “

“There is a lot, much more than just the trade and what is going on in this domain between the two countries. It is about how they do their economies. This just starts and it is effectively a struggle for the 21st century,” she added.

Zhiwei Zhang, President and chief economist of Pinpoint Asset Management, Optimistic that discussions will take place at all, CNBC said that it could take months before trade voltages could be solved.

“I have no very high expectations of these trading talks … I doubt that they will soon get an agreement,” he told CNBCs “China Connection” on Monday.

“There could be a solution for certain topics, such as a rare earth, for example China already announced that they will issue foreign companies that apply for imports. Now we will come out of some of them. However, I will doubt that we will have a complete solution that comes from this dialogue in Great Britain,” added Zhang.

– Evelyn Cheng from CNBC contributed to this report.