6 hours agoU.S. and China agree on trade after talks in London
Periskopi(a year ago)
(a year ago)The United States and China have agreed to a “framework on trade after two days of talks in London aimed at reducing tensions between the parties. While specifics of the framework announced on Tuesday were unclear, this apparent progress comes a month after Washington and Beijing announced a 90-day pause for most [...]
While specifics of the framework announced on Tuesday were unclear, this apparent progress comes a month after Washington and Beijing announced a 90-day pause for most of their tariffs following talks in Geneva.
US Trade Secretary Howard Lutnick said that the parties would work to implement the Geneva “consensus” and that they had “forcefully reviewed” all issues sharing the world's two largest economies.
Lutnick said the parties would move forward with the framework awaiting its approval by US President Donald Trump and Chinese President Xi Jinping, who held a 90-minute trade call last week.
“Once the presidents approve it, we will try to implement it”, Lutnick told reporters outside the Lancaster House.
Lutnick indicated that US measures imposed in response to a slowdown in Chinese exports of rare metals -- a key issue dividing the parties -- will likely be eased once critical mineral supplies increase. /Periscope/
