The U.S. and China have reached consensus on trade, representatives from both sides said after high-level talks in London. The negotiators will now seek approval on the framework from the U.S. and Chinese presidents, before implementing it. The talks follow a breakthrough trade agreement reached in mid-May that paused new tariffs for 90 days. U.S. Commerce Secretary Howard Lutnick speaks to members of the media while arriving for trade talks at Lancaster House in London, UK, on Tuesday, June 10, 2025. Bloomberg | Bloomberg | Getty Images
The U.S. and China have reached an agreement on trade, representatives from both sides said after a second day of high-level talks in London, with the deal now awaiting a nod from the leaders of the two countries.
“We have reached a framework to implement the Geneva consensus and the call between the two presidents,” U.S. Commerce Secretary Howard Lutnick told reporters.
That echoed comments to reporters from Li Chenggang, China’s international trade representative and a vice minister at China’s Commerce Ministry.
U.S. President Donald Trump and Chinese President