The talks between China and the US are set to take place just two days after the UK became the first country to strike a tariffs deal with the Trump administration. The US has agreed to reduce import taxes on a set number of British cars and allow some steel and aluminium into the country tariff-free, as part of a new agreement.

U.S. President Donald Trump said on Thursday he expects there to be substantive negotiations between the United States and China on trade this weekend and predicted that punitive U.S. tariffs on Beijing of 145% would likely come down.

Key Takeaways President Donald Trump said that this weekend’s meetings between U.S. and Chinese officials on trade and economic issues could be “very substantive."This weekend’s meeting is the first between the two countries since Trump imposed a 145% tariff on Chinese goods,