Trump says US and China have a framework for a trade deal
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Two days of trade talks resulted in what leaders called a framework agreement meant to solidify terms of a truce that the superpowers reached in Geneva last month.
U.S. and Chinese officials said they had agreed on a framework to put their trade truce back on track and remove China's export restrictions on rare earths while offering little sign of a durable resolution to longstanding trade differences.
BERLIN (Reuters) -Germany welcomes a China-U.S. agreement on easing rare-earth export restrictions and hopes negotiations between the United States and the European Union could be solved in a similar way, Chancellor Friedrich Merz said on Wednesday.
The United States and China have agreed on a framework to implement their trade truce, officials on both sides said Wednesday, after concluding two days of talks in London to defuse tensions and ease export restrictions that threaten to disrupt global manufacturing.
Wall Street's main indexes were subdued in volatile trading on Tuesday as investors awaited a breakthrough in the ongoing U.S.-China trade talks aimed at defusing a tariff dispute that has roiled global markets this year.
Officials from the world’s largest economies will try to strike a deal Tuesday to relax painful export restrictions that they have imposed on each other.
US and China are holding trade negotiations in London for a second day, following a tentative agreement in Geneva to pause tariff implementation for 90 days. Discussions address disagreements over AI semiconductors,
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