U.S. and China Agree to Resume Trade Truce After Tensions Escalated
Posted on: Jun 11, 2025 08:21 IST | Posted by: Nytimes
Supported by
2 years of talks resulted in a “ fabric” that is intended to solidify terms of a sell the superpowers reached in Geneva last month.
Alan Rappeport and Ana Swanson
Reporting from Washington
The United States and China, trying to ease economic tensions between the superpowers, agreed to a “framework” for extending a trade truce they reached last month, officials from both countries said on Tuesday.
After two days of marathon negotiations in London, top economic officials from the United States and China are now expected to present the new framework to their leaders, President Trump and President Xi Jinping, for final approval.
The agreement, the full details of which were not immediately released, is intended to solidify terms of a deal that the United States and China reached in Switzerland in May that unraveled in recent weeks. Commerce Secretary Howard Lutnick, who was part of the negotiating team, said American concerns over China’s restrictions on exports of rare earth minerals and magnets had been resolved.
“We have reached a framework to implement the Geneva consensus,” Mr. Lutnick told reporters in London, describing the agreement as a “handshake.”
He added that Mr. Trump and Mr. Xi would be briefed on the agreement before it took effect.
“They were focused on trying to deliver on what President Xi told President Trump,” Mr. Lutnick said. “I think both sides had extra impetus to get things done.”
The U.S. Trade representative, Jamieson Greer, who took part in the discussions, said they were also focused on ensuring compliance with what was agreed to in Geneva about rare earth mineral exports and tariffs. He said the two sides would remain in regular contact as they tried to work through their economic disagreements.
Global News Perspectives
In today's interconnected world, staying informed about global events is more important than ever. ZisNews provides news coverage from multiple countries, allowing you to compare how different regions report on the same stories. This unique approach helps you gain a broader and more balanced understanding of international affairs. Whether it's politics, business, technology, or cultural trends, ZisNews ensures that you get a well-rounded perspective rather than a one-sided view. Expand your knowledge and see how global narratives unfold from different angles.
Customizable News Feed
At ZisNews, we understand that not every news story interests everyone. That's why we offer a customizable news feed, allowing you to control what you see. By adding keywords, you can filter out unwanted news, blocking articles that contain specific words in their titles or descriptions. This feature enables you to create a personalized experience where you only receive content that aligns with your interests. Register today to take full advantage of this functionality and enjoy a distraction-free news feed.
Like or Comment on News
Stay engaged with the news by interacting with stories that matter to you. Like or dislike articles based on your opinion, and share your thoughts in the comments section. Join discussions, see what others are saying, and be a part of an informed community that values meaningful conversations.
Download the Android App
For a seamless news experience, download the ZisNews Android app. Get instant notifications based on your selected categories and stay updated on breaking news. The app also allows you to block unwanted news, ensuring that you only receive content that aligns with your preferences. Stay connected anytime, anywhere.
Diverse News Categories
With ZisNews, you can explore a wide range of topics, ensuring that you never miss important developments. From Technology and Science to Sports, Politics, and Entertainment, we bring you the latest updates from the world's most trusted sources. Whether you are interested in groundbreaking scientific discoveries, tech innovations, or major sports events, our platform keeps you updated in real-time. Our carefully curated news selection helps you stay ahead, providing accurate and relevant stories tailored to diverse interests.
No comments yet.