China and U.S. agree on framework to implement Geneva trade consensus

The U.S. and China have reached a trade agreement following high-level talks in London, as announced by U.S. Commerce Secretary Howard Lutnick and China’s trade representative Li Chenggang. The framework, which aims to implement the Geneva consensus discussed in a recent call between President Trump and President Xi, includes addressing Chinese restrictions on rare earth exports and potential rollbacks of U.S. tech sales to China. While the agreement signifies a commitment to dialogue, uncertainties remain regarding its concrete outcomes and the likelihood of further disputes.

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