US-China trade talks: second day concludes

中美贸易谈判:第二天结束

World Business Report

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2025-06-11

26 分钟
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U.S.-China trade talks in London are progressing and may extend to a third day, U.S. negotiators said, as both sides seek a breakthrough on rival export controls that risked derailing a fragile tariff truce. The World Bank has followed the International Monetary Fund in sharply cutting its growth forecast for 2025 - Ana Swanson gives us the breakdown. Pakistan announced that their defence spending is increasing by 17% in the fiscal year ending June 2026 - we get reaction from Uzair Younus, Principal at the Atlantic Council’s Asia Group.
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  • Hello and welcome to World Business Report here on the BBC World Service.

  • I'm Rahul Tandon.

  • Coming up, Donald Trump said drill, baby, drill.

  • So is it happening?

  • I think the drill, baby, drill has now become wait, baby, wait.

  • We will bring you more on that story and tell you the latest on Japan's rice shortage.

  • But we're going to start the programme once again with this.

  • A second and final day of high stakes US-China trade talks.

  • Investors optimistic.

  • We're looking at those trade talks between the US and China.

  • They're taking place in London.

  • Faisal Islam is our economics editor and he's outside where the talks are taking place.

  • So much riding on this.

  • It's been what's casting a shadow over the whole world economy.

  • This trade war centred on the two world big economies, the US and China.

  • And President Trump and President Xi have sent their top lieutenants to negotiate here at Lancaster House,

  • a very important seat of UK diplomacy here in London.

  • As you said, Scott Besson, the most senior US official on this delegation, has just left.

  • Said talks are ongoing, said they've been productive, but there's been no deal yet.

  • Those negotiations continue.