Articles in this Cluster
08-06-2025
National Economic Council Director Kevin Hassett said he’s “very comfortable” a U.S.-China trade deal will close after Monday’s talks in London, following Trump’s “very good” call with Xi. The U.S. seeks restoration of rare earth mineral exports to agreed levels, after China’s earlier restrictions. Commerce Secretary Howard Lutnick, Treasury’s Scott Bessent, and USTR Jamieson Greer will lead negotiations. The current 90-day agreement lowered U.S. tariffs on China from 145% to 30% and China’s on U.S. goods from 125% to 10%, but tensions rose after Trump accused China of violating the deal. Hassett declined to specify future baseline tariffs, though Lutnick previously said they won’t go below 10%. The administration touts tariffs as reducing inflation and deficits; April CPI eased to 2.3% and customs duties hit a record $16.3 billion for the month. The CBO estimates higher tariff revenue could cut deficits by $3 trillion over a decade, though broader fiscal policies could add to debt.
Entities: Kevin Hassett, U.S.-China trade deal, Donald Trump, Xi Jinping, rare earth minerals • Tone: analytical • Sentiment: neutral • Intent: inform
08-06-2025
The UK will host the second round of US-China trade talks in London, a diplomatic boost that positions Britain as a bridge between Washington and Beijing amid a reset in UK-China relations. The talks follow a Geneva meeting that temporarily paused most tariffs but soon unraveled amid mutual accusations of backtracking. A recent call between Donald Trump and Xi Jinping revived momentum. Hosting the talks benefits the UK geopolitically and could aid its own push for a UK-US trade deal, with the presence of US officials enabling sideline discussions. Despite turbulence from Trump’s tariff strategy, the process has compelled direct engagement between the two powers—now on UK soil.
Entities: United Kingdom, United States, China, London, Donald Trump • Tone: analytical • Sentiment: neutral • Intent: inform
08-06-2025
Senior White House officials will meet a Chinese delegation in London on Monday for the next round of trade talks, following a “very positive” 90-minute call between Donald Trump and Xi Jinping. The UK will host after Geneva’s first round produced a 90-day pause on most retaliatory tariffs, though both sides later accused each other of breaching terms. The U.S. team will include Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick, and Trade Representative Jamieson Greer; China’s lineup is unconfirmed. While headline tariffs were reduced (U.S. from 145% to 30% on Chinese goods; China from 125% to 10% on U.S. goods), sector-specific levies like the 25% on cars, aluminum, and steel remain. The talks aim to resolve ongoing disputes, including rare earths, amid volatile U.S.-China relations.
Entities: White House, Chinese delegation, London, Donald Trump, Xi Jinping • Tone: analytical • Sentiment: neutral • Intent: inform
08-06-2025
The UK government said it will thoroughly assess security concerns over plans for a large Chinese embassy near the City of London, amid pressure from the US and potential implications for UK-US trade talks. President Trump reportedly warned Prime Minister Keir Starmer against allowing the project, which was revived after lobbying by President Xi Jinping. Technology Secretary Peter Kyle said the UK, as part of Five Eyes, regularly addresses such security matters and will provide a comprehensive response to any risks raised.
Entities: United Kingdom government, Chinese embassy in London, City of London, United States, Keir Starmer • Tone: analytical • Sentiment: neutral • Intent: inform
