US, China Agree Framework to Ease Trade Tensions After London Talks

The United States and China have agreed to a trade framework following high-level negotiations in London aimed at easing escalating trade tensions. The agreement, announced by U.S. Commerce Secretary Howard Lutnick, builds on a previous Geneva deal involving a 90-day tariff pause and addresses key issues such as rare-earth mineral exports from China and the rollback of some U.S. export restrictions. Both nations intend to seek approval from their respective leaders, President Donald Trump and President Xi Jinping, before implementing the framework. The deal aims to stabilize economic relations by resolving export controls that previously threatened to unravel the Geneva accord. Chinese officials described the negotiations as professional and constructive, expressing hope that the framework would help rebuild trust between the two countries. Stakeholders remain cautious but optimistic about the potential for a more durable trade truce between the world's two largest economies.