After two days of talks in London, US and Chinese officials have agreed on a framework aimed at resolving trade issues primarily focused on tariffs and export restrictions of critical minerals. US Commerce Secretary Howard Lutnick expressed confidence that this framework will build on a prior agreement reached in Geneva, which had stalled due to China’s export limitations. Both parties plan to present this framework to their respective leaders for further approval, potentially easing tensions stemming from the ongoing trade conflict.
The US and China have reached a trade framework to implement the Geneva consensus, focusing on resolving tariff issues and critical mineral export restrictions.
US commerce secretary Howard Lutnick expressed optimism regarding a deal to ease retaliatory tariffs and emphasized the importance of collaboration between the two nations.
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