Following two days of high-level talks in London, representatives from the U.S. and China announced that they have reached a consensus on trade issues. U.S. Commerce Secretary Howard Lutnick stated that a framework has been established to implement the Geneva consensus and the agreement made during the recent call between Presidents Trump and Xi. This sentiment was corroborated by a Chinese representative through a translator.
Lutnick, along with U.S. Trade Representative Jamieson Greer, will return to Washington, D.C., to seek President Trump’s approval of the framework. The implementation of this framework hinges on both leaders’ approvals. Earlier in the meetings, U.S. Treasury Secretary Scott Bessent indicated he would return to the U.S. to testify before Congress.
This trade consensus marks a significant step in U.S.-China relations, particularly in mitigating tensions surrounding trade practices. The discussions aimed to address various barriers and foster cooperation between the two economic powers, aligning their policies to enhance mutual trade benefits.
The outcome reflects a commitment from both nations to work together, potentially laying the groundwork for a more stable economic relationship moving forward. The success of implementing the framework will depend on the forthcoming endorsements from both presidents.
Note: The image is for illustrative purposes only and is not the original image associated with the presented article. Due to copyright reasons, we are unable to use the original images. However, you can still enjoy the accurate and up-to-date content and information provided.
