After two days of negotiations in London, the US and China have outlined a framework aimed at reducing tensions in their ongoing trade war. The proposed agreement involves the potential easing of US restrictions on chip sales to China, contingent upon China accelerating its exports of rare earths. However, the ultimate implementation of this framework is subject to approval from both Presidents Donald Trump and Xi Jinping. This significant development comes amid concerns regarding the impact of the trade war on global supply chains.
The latest negotiations between the US and China in London have resulted in an agreement to restore a truce in their escalating trade war, indicating potential easing of restrictions on both sides.
This new framework involves the US possibly lightening restrictions on chip sales to China in exchange for China's commitment to expeditiously increase exports of rare earths.
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