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.
The 3rd CIS Games will take place in Azerbaijan from September 28 to October 8, featuring 246 medal sets in 23 sports disciplines across seven cities, including Khankendi.
The euro surged to its highest level in nearly four years against the U.S. dollar, as global investors turned to safe-haven assets amid growing geopolitical tensions and uncertainty surrounding the U.S.-China trade deal.
President Ilham Aliyev emphasized Azerbaijan’s commitment to women’s rights and the preservation of traditional values at a high-level Turkic States meeting in Baku.
Kazakhstan President Kassym-Jomart Tokayev emphasized growing Turkic unity and Kazakhstan’s commitment to integration during a meeting with TurkPA parliamentary speakers in Astana.
U.S. President Donald Trump announced on Wednesday that American personnel are being relocated from parts of the Middle East, citing the region as potentially dangerous. He reaffirmed that the United States will not allow Iran to acquire a nuclear weapon.
The 3rd CIS Games will take place in Azerbaijan from September 28 to October 8, featuring 246 medal sets in 23 sports disciplines across seven cities, including Khankendi.
Iran has sharply criticized a newly passed resolution by the International Atomic Energy Agency (IAEA) Board of Governors, describing it as "a politically driven initiative led by the United States and three European nations."
Tensions surged in the Middle East as the UN nuclear watchdog declared Iran in violation of its nuclear obligations, prompting Tehran to announce countermeasures ahead of critical talks with the U.S.
The euro surged to its highest level in nearly four years against the U.S. dollar, as global investors turned to safe-haven assets amid growing geopolitical tensions and uncertainty surrounding the U.S.-China trade deal.
The European Union and India reaffirmed their commitment to collaboration in third countries today, marking the start of a new phase in development cooperation.
Start your day informed with AnewZ Morning Brief: here are the top news stories for June 8th, covering the latest developments you need to know.
Presidential candidate Miguel Uribe Turbay is in critical condition after being shot three times — including twice in the head — during a campaign event in Bogotá.
Kazakhstan and the UK are strengthening defense ties with a new Military Cooperation Plan, focusing on peacekeeping and military education.
A 30-year-old woman was shot by police in Munich on Saturday evening after stabbing two people at Theresienwiese, a central park best known for hosting Oktoberfest.
Mexican President Claudia Sheinbaum has condemned U.S. immigration raids and National Guard deployment in Los Angeles, calling for reforms instead of enforcement.
Romania deployed fighter jets early Thursday after Russian drone strikes targeted Ukraine’s Vylkove region near the Romanian border, though no airspace violations were detected.
Ukraine and Russia completed another prisoner exchange involving ill and severely wounded soldiers, marking ongoing efforts to ease the human toll of their conflict.
The 3rd CIS Games will take place in Azerbaijan from September 28 to October 8, featuring 246 medal sets in 23 sports disciplines across seven cities, including Khankendi.
Iran has sharply criticized a newly passed resolution by the International Atomic Energy Agency (IAEA) Board of Governors, describing it as "a politically driven initiative led by the United States and three European nations."
Tensions surged in the Middle East as the UN nuclear watchdog declared Iran in violation of its nuclear obligations, prompting Tehran to announce countermeasures ahead of critical talks with the U.S.
The 3rd CIS Games will take place in Azerbaijan from September 28 to October 8, featuring 246 medal sets in 23 sports disciplines across seven cities, including Khankendi.
Iran has sharply criticized a newly passed resolution by the International Atomic Energy Agency (IAEA) Board of Governors, describing it as "a politically driven initiative led by the United States and three European nations."
Tensions surged in the Middle East as the UN nuclear watchdog declared Iran in violation of its nuclear obligations, prompting Tehran to announce countermeasures ahead of critical talks with the U.S.
The euro surged to its highest level in nearly four years against the U.S. dollar, as global investors turned to safe-haven assets amid growing geopolitical tensions and uncertainty surrounding the U.S.-China trade deal.
The European Union and India reaffirmed their commitment to collaboration in third countries today, marking the start of a new phase in development cooperation.
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