US Secretary of Trade Howard Lootnick speaks to media members as they arrive at the Lancaster House trade talks in London, UK, on Tuesday, June 10, 2025.
Bloomberg Bloomberg Gety pictures
The United States and China reached a trade agreement.
“We have reached a working framework to implement the Geneva consensus and the call among presidents,” US Trade Minister Howard Lottenic told reporters.
This was repeated by comments on journalists from Lee Chenggang, the representative of international trade in China and the deputy minister at the Chinese Ministry of Commerce.
US President Donald Trump and Chinese President Xi Jinping spoke on the phone late last week, which settled on what has become a charged relationship with both countries accusing each other of violating the Geneva Convention. At a meeting in Switzerland in mid -May, the two largest economies in the world agreed to a 90 -day suspension of mutual definitions in April, and some other measures retracted.
Lootnick said that he and the American trade representative, Jameson Jarir, will return to Washington, DC, “to ensure that President Trump agreed to the” framework “. Lootnick said that if something also agreed to this,” we will implement the frame. “
Lootnick said that the Chinese restrictions on rare land exports to the United States are “an essential part” of the latest agreement and the United States expects to resolve the issue “in this framework implementation.”
He pointed out that the American restrictions on advanced technology sales to China in recent weeks will be re -retreated as Beijing has agreed to rare land exports.
While the Chinese government media was fast to announce the invitation of Shi with Trump last week, the official Beijing trumpets were clearly silent after more than an hour of Lottenic’s comments, with the exception of a male at an angle less, quoting the Deputy Minister of Commerce to me, saying that the talks helped build bilateral confidence.
On Tuesday, local time in London, US Treasury Secretary Scott Beesen told reporters that he had returned to the United States to testify to Congress.
Chinese Deputy Prime Minister Ho Living, the main negotiator in commercial talks with the United States, participated, and Chinese Trade Minister Wang Weno participated in discussions this week.
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