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US, China agree on trade deal framework at London talks
While the full details of their agreement are not available yet, negotiators from the US side have said that they 'absolutely expect' issues surrounding the rare earths deal will now be resolved as part of the framework read more
US Trade Representative Jamieson Greer, US Secretary of Commerce Howard Lutnick, US Secretary of Treasury Scott Bessent, Chinese Vice Premier He Lifeng, Chinese Commerce Minister Wang Wentao, and Chinese International Trade Representative and Vice Minister of Commerce Li Chenggang. AFP
The US and China have agreed to a preliminary trade deal, avoiding the escalation of tensions, in talks led by Beijing's Vice Premier He Lifeng, alongside US Treasury Secretary Scott Bessent and Commerce Secretary Howard Lutnick in London.
While the full details of their agreement are not available yet, negotiators from the US side have said that they 'absolutely expect' issues surrounding the rare earths deal will now be resolved as part of the framework.
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'We have reached a framework to implement the Geneva consensus. Once the presidents approve it, we will then seek to implement it,' Lutnick said after the conclusion of two-day-long meetings.
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