Negotiators say agreement will be presented to US President Donald Trump and Chinese President Xi Jinping for approval.
Published On 11 Jun 2025
The United States and China have agreed on a “framework” on trade after two days of talks in London aimed at deescalating tensions between the sides.
While the specifics of the framework announced on Tuesday were unclear, the apparent breakthrough comes a month after Washington and Beijing announced a 90-day pause on most of their tariffs following talks in Geneva.
US Commerce Secretary Howard Lutnick said the sides would work to implement the “Geneva consensus” and had “pounded through” all the issues dividing the world’s two largest economies.
Lutnick said the sides would move forward with the framework pending its approval by US President Donald Trump and Chinese President Xi Jinping, who held a 90-minute phone call on trade last week.
“Once the presidents approve it, we will then seek to implement it,” Lutnick told reporters outside Lancaster House.
Lutnick indicated that US measures imposed in response to a slowdown in Chinese exports of rare earths, a key issue dividing the
