Treasury Secretary Scott Bessent and other Trump administration officials will hold trade talks with their Chinese counterparts in London on Monday, President Donald Trump said. Bessent will be joined by Commerce Secretary Howard Lutnick and U.

China and the US had on May 12 struck a 90-day deal to roll back some of the tariffs the two nations imposed on each other's goods.

As the market focus rests heavily on the progress of the fledgling trade talks between the U.S. and China in a bid to resolve the impasse, President Donald Trump’s administration has sounded out an upbeat tone on the resolution of the impasse.