US EditionChina-U.S. agree on framework to implement Geneva trade consensus after second day of London talks
- Senior representatives from the US and China announced on June 9, 2025, that they had reached an agreement on a plan to advance trade relations following two days of discussions in London.
- The framework followed a consensus reached at Geneva last month and a phone call between the two presidents on June 5, aiming to ease tensions from previous tariffs and export controls.
- The talks focused on removing some U.S. export restrictions and resolving China's restrictions on rare earth minerals and magnets critical for technology and green industries.
- U.S. Commerce Secretary Howard Lutnick said the framework puts 'meat on the bones' of the Geneva agreement and expects rare earth issues 'will be resolved' as the deal is implemented.
- Both sides will seek approval from leaders in Washington and Beijing and continue working closely to ensure swift implementation amid cautious market optimism.
339 Articles
339 Articles
The Billings Gazette
US, China make progress
WASHINGTON — President Donald Trump announced Wednesday that China will make it easier for American industry to obtain much-needed magnets and rare earth minerals, clearing the way for talks to continue between the world’s two biggest economies.
Beatrice Daily Sun
US, China make some progress on framework
WASHINGTON — President Donald Trump announced Wednesday that China will make it easier for American industry to obtain much-needed magnets and rare earth minerals, clearing the way for talks to continue between the world’s two biggest economies.
ABC FOX Montana
US stocks rally fades after China trade framework, oil prices jump
Wall Street stocks mostly fell Wednesday despite positive movement in the US-China trade conflict, while oil prices rallied on growing tensions between Washington and Tehran.
The two largest economies in the world have agreed on a compromise on export restrictions for rare earths and technology, and the heads of state still have to agree.
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