The United States Secretary of Commerce, Howard Lutnick, talks to the members of the media while arriving at commercial conversations in Lancaster House in London, the United Kingdom, on Tuesday, June 10, 2025.
The United States and China have reached a Araise in Commerce, representatives said on both sides after a second day of high -level conversations in London, and the agreement now expects a wink from the leaders of the two countries.
“We have reached a framework to implement the Geneva consensus and the call between the two presidents,” said United States Secretary Howard Lutnick, journalists.
That echoed comments to Li Chenggang journalists, China’s International Trade Representative and a Deputy Minister of the Ministry of Commerce of China.
The president of the United States, Donald Trump, and the Chinese president, Xi Jinping, spoke on the telephone at the end of last week, stabilizing what had become a tense relationship with both countries accusing each oroling the set of gin trade set. In a meeting in Switzerland in mid -May, the two largest economies in the world had agreed a 90 -day suspension of reciprocal tariffs in April, and a reversal of certain other measures.
Lutnick said he and the United States commercial representative, Jamieson Greer, will return to Washington, DC, to “ensure that President Trump approves” the scheme of the agreement. If Xi also agrees, “we will implement the frame,” Lutnick said.
The fact that the two parties now carry their leaders “is a clear sign that some unresolved disagreements or details still require an internal discussion,” said Jianwei Xu, a senior economist of Natixis. The Marco Agreement indicates a commitment to reduce and continue the dialogue process, but it will lead to “concrete agreements or substantive advances” remains uncertain, he said.
Chinese restrictions on rare land exports to the US are a “fundamental part” of the last agreement and the United States expects the problem “to be resolved in this implementation of the frame,” Lutnick said.
The indicated restrictions of the USA. In advanced technology sales to China in the last week they would be receded as Beijing approves Eearth exports.
“This agreement is recorded by the lever of the two parties to each other, not common principles or shared interests,” said Scott Kennedy, main advisor and president of Tietee in Chinese business and economy at the Center for Strategic and Initial TTON, DC “High.”
Although Chinese state media had quickly announced XI’s call with Trump last week, Beijing’s official pieces did not remain silent for more than an hour after Lutnick’s comments, except for a low profile mention citing the Minister of Vice Commerce, Li, which they say that the conversations helped build bilant confidence.
On Tuesday, local time in London, the Secretary of the United States Treasury, Scott Besent, told reporters that he was returning to the United States to testify to Congress.
The Chinese minister, He Lifeng, the main negotiator on commercial conversations with the United States, and Chinese minister Wang Wentao also participated in this week’s discussions.
China’s CSI 300 index was quoted slightly higher, while futures of US actions decreased as investors expected details about the commercial framework.