Trump says China tariffs will stay high
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The United States and China have agreed on a framework to implement their trade truce, officials on both sides said Wednesday, after concluding two days of talks in London to defuse tensions and ease export restrictions that threaten to disrupt global manufacturing.
US-China talks concluded this week with a 'handshake agreement', a US appeals court permitted Trump's tariffs to continue (for now), and the World Bank has forecasted a global economic slowdown in the face of increasing uncertainty.
LONDON, June 9 (Reuters) - Top U.S. and Chinese officials will sit down in London on Monday for talks aimed at defusing the high-stakes trade dispute between the two superpowers that has widened in recent weeks beyond tit-for-tat tariffs to export controls over goods and components critical to global supply chains.
China returns to trade talks with the U.S. holding, from its view, a strong hand: Its economy is bearing up better than expected. And it has an ace card: rare earths.
President Trump announced Wednesday a pending trade truce with China as the White House searches for momentum ahead of a looming deadline to strike dozens of other similar deals. The president’s announcement was light on details but gave Trump and his team the chance to tout a victory during a crucial stretch for his