US President Donald Trump announced Friday a new round of trade talks with China in London next week, a day after calling Chinese counterpart Xi Jinping in a bid to end a bitter battle over tariffs. While Trump's long-awaited phone call with Xi this week likely paved the way for further high-level trade talks, a swift resolution to the tariffs impasse remains uncertain. dk-bys/acb

US President Donald Trump announced Friday a new round of trade talks with China in London next week, a day after calling Chinese counterpart Xi Jinping in a bid to end a bitter battle over tariffs. While Trump's long-awaited phone call with Xi this week likely paved the way for further high-level trade talks, a swift resolution to the tariffs impasse remains uncertain. dk-bys/acb

Trump had slapped higher tariffs on China than any other country, but temporarily lowered them last month after initial trade talks in Switzerland.

Trump's call with Xi came as U.S.-China trade relations have frayed following an agreement in Geneva to temporarily pause most of their retaliatory tariffs.

The two countries have blamed each other for violating a trade agreement reached in Switzerland on May 12.