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China-U.S. agree on framework to implement Geneva trade consensus after second day of London talks
- On June 9, 2025, in London, U.S. and Chinese officials concluded two days of trade discussions by agreeing on a plan to carry out the consensus established during their May negotiations in Geneva.
- The framework followed a 90-minute phone call between Presidents Trump and Xi Jinping on June 5 and aimed to ease tensions caused by mutual export controls and tariffs.
- Central issues included China’s export restrictions on rare earth minerals, which the U.S. criticized for slow removal, and the suspension of some U.S. export licenses, showing unresolved deep trade differences.
- U.S. Commerce Secretary Howard Lutnick said the framework puts 'meat on the bones' of an agreement and expects rare earths issues to be resolved during implementation.
- The agreement requires approval from leaders in Washington and Beijing, and while it signals progress, longstanding disputes and tariff risks continue to pose challenges for global trade stability.
338 Articles
338 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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