China and the USA agree on the framework for the implementation of the Geneva Trade Consensus star-news.press/wp

The United States and China has reached a trade agreement, representatives of both parties after the second day of talks at a high level in London.

“We came to the framework for the implementation of the consensus of Geneva and the call between the two presidents,” said the U.S. Secretary of Howard Lutnick, told reporters.

This echoed comments to journalists from Li Chenggang, the Chinese International Trade and Vice-President Representative at the Chinese Ministry of Trade.

U.S. President Donald Trump and Chinese President Xi Jinping talked on the phone at the end of last week, stabilizing what became full of relationship with both countries, accusing that the Trade Agreement in Geneva. At the meeting in the Swiss midwife, the two largest world economies agreed on the 90-day suspension of reciprocal tariffs in April and the return of certain other measures.

Lutnick said he and the American Commercial representative Jamieson Greer will go to Washington to “ensure that the Trump President approves” framework. If XI also approve, then we will implement the frame, “Lutnick said.

The fact that the two sides now give their leaders “is clear that some disagreements or unresolved details still require an internal discussion,” Jianwei Xu said, a senior economist in Natixis.

The Framework Agreement signals the commitment to de-escalation and continuation of dialogue, but whether to lead to “concrete agreements or material breaks” is still not sure, he said.

Chinese restrictions in rare exports of land in the United States are the “basic part” of the latest agreement and the United States expect the question to “be resolved in this framework implementation,” Lutnick said.

He indicated that American restrictions on sales of advanced technology in the China last weeks were back as Beijing approvals of rare terrestrial exports.

“This agreement with two parties consists of each other, not common principles or common interests,” said Scott Kennedy, a senior adviser and food presidency in the Center for Strategic and International Studies in Washington. “The chances of further stopping and the beginning are quite high.”

While Chinese state media quickly announced the XI’s Call of Trump last week were more visible than one hour after the wanderings comments, except that they are called conversations in building bilateral trust.

Tuesday Local Time in London, the American Treasury Minister Scott Bessent told reporters that they returned to the United States to testify before the Congress.

Chinese vice president Lifing, leading negotiator on trade negotiations with the United States, and the Chinese Minister of Wang Wang trade participated in the discussion in this week.

The Chinese CSI 300 index traded a little higher, while the American stocks of the future were lowered because the investors waited for the trading frame.