After two days of discussions in London, the US and China have reached an initial framework to ease trade tensions stemming from their long-standing conflict. The agreement aims to address concerns over rare earth supplies critical for American businesses and aligns with prior discussions held in Geneva. Both parties express optimism about the framework's implementation, pending approval from the respective presidents. The talks, though protracted, were characterized by constructive engagement, showcasing a gradual thaw in relations between the two economic powers.
Lutnick explained that they needs to eliminate negativity in the U.S.-China trade relationship, indicating it was a critical first step toward resolving long-standing trade tensions.
China's vice commerce minister emphasized that rational discussions led to a framework for implementation, reflecting a more candid dialogue between the two nations.
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