US Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng pose for a photo with US Trade Representative Jamieson Greer, US Secretary of Commerce Howard Lutnick, Chinese Commerce Minister Wang Wentao, and China's International Trade Representative and Vice Minister of Commerce Li Chenggang, in London, Jun 9, 2025. (Photo: United States Treasury/Handout via REUTERS)

LONDON: A second day of high-level talks between the United States and China stretched into the evening on Tuesday (Jun 10), as officials gathered in London to defuse a bitter trade war that has been dragging on the global economy.

Negotiators, who started meetings in the morning, held discussions during the day and took a break before an expected reconvening at 8.00pm local time, according to a US official.

All eyes are on the outcomes of the talks as the world's two biggest economies try to overcome an impasse over export curbs and come to a longer-lasting truce in their tariff war.

US Commerce Secretary Howard Lutnick earlier told Bloomberg Television that the talks were "going well", expecting them to last "all day".

But global stock markets were on edge.

With talks dragging on, "the lack of positive headlines weighed on stocks and the dollar," said Kathleen Brooks, research director at XTB trading platform.

One of US President Donald Trump's top advisers said Monday that he expected "a big, strong ...