On Friday, President Donald Trump said Treasury Secretary Scott Bessent and two other Trump administration officials will meet with their Chinese counterparts in London on Monday for renewed trade talks.
Bessent, who has been leading the administration’s efforts to craft a deal with Beijing, will be joined by Commerce Secretary Howard Lutnick and U.S. Trade Representative Jamieson Greer, Trump said.
Chinese Vice Premier He Lifeng will hold the first round of trade and economic talks with the U.S. during his trip to the U.K. from Sunday to Friday, China’s Ministry of Foreign Affairs said Saturday. He represented Beijing during bilateral talks with Washington in Switzerland last month and is China’s lead trade negotiator.
U.S. inflation data is expected to be a key topic later in the week. The latest consumer price index is due out on Wednesday, followed by the producer price index on Friday. Traders will be looking for clues about how the current tariff rates are affecting the economy.
— CNBC’s Kevin Breuninger and Evelyn Cheng contributed to this report.
