The US and China have tentatively agreed on a framework to implement their trade deal reached last month, following recent discussions in London. This agreement comes after escalating tensions and disputes, prompting high-level communications between US President Trump and Chinese President Xi. Key officials from both nations participated in the talks aimed at addressing trade issues, which include tariffs and technology exchanges, particularly concerning semiconductors and other critical materials. Further details of the agreement and potential future negotiations remain undisclosed.
"Li Chenggang, who serves as a vice minister of commerce and represents China in international trade, stated that both parties have reached a preliminary agreement on a framework..."
"The two parties aimed to capitalise on discussions held in Geneva last month, which resulted in a 90-day pause on the majority of tariffs..."
"After two days of discussions in London, the agreement was disrupted by a number of disputes in the weeks that followed..."
"Since the Geneva talks, Washington and Beijing have engaged in heated exchanges regarding advanced semiconductors that power artificial intelligence..."
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