US, China agree on ‘framework’ on trade after talks in London | International Trade News

Negotiators say agreement will be presented to US President Donald Trump and Chinese President Xi Jinping for approval.

The United States and China have agreed on a “framework” on trade after two days of talks in London aimed at deescalating tensions between the sides.

While the specifics of the framework announced on Tuesday were unclear, the apparent breakthrough comes a month after Washington and Beijing announced a 90-day pause on most of their tariffs following talks in Geneva.

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