The United States and China have reached a trade framework that both sides say could help restore trust and resolve key disputes, including removing China's export restrictions on rare earth and magnets.
At the end of two days of intense negotiations in London, U.S. Commerce Secretary Howard Lutnick said the framework combines the agreement reached last month in Geneva and the outcome from the 5 June call between Presidents Donald Trump and Chinese President Xi Jinping.
The Geneva deal had previously faltered over China's continued curbs on critical minerals exports, prompting the Trump administration to respond with export controls of its own preventing shipments of semiconductor design software, aircraft and other goods to China.
“We have reached a framework to implement the Geneva consensus,” Lutnick said, calling it “the first step” and adding, “We had to get the negativity out.”
Lutnick said he has briefed President Trump on the talks and added, “Once the presidents approve it, we will seek to implement it.”
He said the aim is to increase trade with China, and that the rare earth and magnet issues “will be resolved in this framework.” He added that when licenses are approved, “you should expect our export implementation to come down again.”
U.S. Trade Representative Sarah Greer said the U.S. is “in constant contact with China” but no further meetings are currently scheduled. She emphasized the U.S. is “moving as quickly as we can,” is “focused on full compliance,” and “feels positive about engaging with the Chinese.”
Greer added it’s up to President Trump whether a deadline gets extended. Greer also mentioned that she expects to see progress from China on fentanyl.
On the Chinese side, Vice Commerce Minister Li Chenggang said talks had been “professional, rational, in-depth and candid.” He said the progress could help “enhance trust” and “inject positive energy into world economic developments.” Li confirmed that the two sides agreed on a consensus during the Geneva meeting and that the framework will be reported to leaders.
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Welcome to our live coverage as the conflict involving Iran enters its 11th day. Tensions in the region remain high as the United States and Iran exchange increasingly sharp warnings over the strategic Strait of Hormuz, a critical artery for global oil supplies.
British MPs have rejected a proposal to introduce an Australia-style ban on social media for under-16s, opting instead to give ministers flexible powers to impose restrictions on platforms.
Azerbaijan is evacuating nearly 200 people from the Middle East on a special charter flight departing from Oman.
Australia has granted humanitarian visas to five Iranian women footballers who sought asylum, fearing persecution after refusing to sing their national anthem at an Asia Cup match.
Mojtaba Khamenei, son of the late Ayatollah Ali Khamenei, is a hardline cleric with strong backing from the Islamic Revolutionary Guard Corps. His rise signals continuity in Tehran's anti-Western policies.
Global oil prices surpassed $119 a barrel on Monday (9 March, 2026), an almost four year high, as the Middle East conflict rumbled on.
China has urged Afghanistan and Pakistan to resolve their dispute through dialogue after Chinese envoy Yue Xiaoyong met Afghan Foreign Minister Amir Khan Muttaqi, as fighting between the two neighbours entered its eleventh day.
Iran named Mojtaba Khamenei to succeed his father Ali Khamenei as supreme leader on Monday (9 March), signaling that hardliners remain firmly in charge, as the week-old U.S.-Israeli war with Iran pushed oil above $100 a barrel.
Entry and exit across the state border between Azerbaijan and Iran for all types of cargo vehicles, including those in transit, will resume on 9 March, according to a statement by the Cabinet of Ministers of Azerbaijan.
U.S. Ambassador to the United Nations, Mike Waltz, has addressed the U.N. Security Council, saying the world must consider how effective its engagement with the Taliban-run country is as millions face hunger.
British MPs have rejected a proposal to introduce an Australia-style ban on social media for under-16s, opting instead to give ministers flexible powers to impose restrictions on platforms.
Australia has granted humanitarian visas to five Iranian women footballers who sought asylum, fearing persecution after refusing to sing their national anthem at an Asia Cup match.
Start your day informed with AnewZ Morning Brief. Here are the top news stories for the 10th of March, covering the latest developments you need to know.
U.S. President Donald Trump called his recent phone conversation with Russian President Vladimir Putin “very good.” The two leaders spoke on Monday about the situation in Iran and other international issues.
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