Top American economic officials will meet with their Chinese counterparts next Monday in hopes of breaking a trade stalemate, President Trump said.According to The New York Times, top American economic officials are set to meet with their Chinese counterparts next Monday in an effort to break a trade stalemate. President Trump announced the second round of talks on Friday, stating that the discussions will focus on tariffs and global supplies of rare earth minerals. The American delegation, led by Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick, and United States Trade Representative Jamieson Greer, will meet with representatives from China, led by Vice Premier for Economic Policy He Lifeng. The talks come at a critical time for the global economy, which has been impacted by uncertainty and supply chain disruptions. In April, the United States paused some tariffs imposed by President Trump on multiple countries to allow for negotiations. However, a U.S. trade court recently deemed these tariffs illegal, adding further uncertainty to the situation. The announcement of Monday’s talks follows a call between President Trump and Chinese President Xi Jinping, aimed at resolving the deadlock that threatened to derail a trade truce reached in May. However, tensions between the two countries have resurfaced in recent weeks, particularly regarding mineral exports and a proposed plan to revoke visas for Chinese students. While negotiations have stalled, President Trump remains optimistic, stating that his call with President Xi was productive.
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