US President Donald Trump announced that Washington and Beijing will hold a new round of trade talks in London on June 9.

The announcement came a day after Trump held a telephone conversation with his Chinese counterpart Xi Jinping in an attempt to end the fierce dispute over tariffs, AFP reported.

The talks in the British capital on June 9 will be the second round of such negotiations between the world's two largest economies since Trump started the trade war this year.

"I am pleased to announce that Treasury Secretary Scott Besent, Commerce Secretary Howard Luttick, and US Trade Representative Ambassador Jamison Greer will meet in London on June 9, 2025, with representatives of China regarding the trade agreement," the US president wrote on his Truth Social platform.

"The meeting should go very well," he added.

The first negotiations between Washington and Beijing since Trump imposed tariffs on both allies and adversaries took place in Geneva last month.

While the US president imposed a 10% tariff on imports from most trading partners, tariffs on Chinese goods rose sharply as the two countries engaged in an escalating tariff war.

In April, additional US tariffs on many Chinese products reached 145%, and Beijing retaliated with counter-tariffs of 125%.

After last month's negotiations, the two sides agreed to temporarily reduce the levels. US tariffs were lowered to 30% and Chinese tariffs to 10%.

However, this temporary suspension is expected to expire in early August, and last week Trump accused China of violating the agreement, highlighting the deeper differences between the two countries.

US officials accused China of delaying approval for exports of critical minerals and rare earth magnets, which is a key issue behind the president's latest statements.

Although Trump's long-awaited phone call with Xi this week likely paved the way for new high-level trade negotiations, a quick resolution to the tariff impasse remains uncertain. | BGNES