U.S. and China Reach Preliminary Trade Agreement Framework in Geneva

U.S. and China reach a preliminary agreement on trade tensions after negotiations in Geneva, with a framework to be presented for leadership approval. U.S. Commerce Secretary Howard Lutnick confirms the progress, discussing the need for further conversations as trade relations evolve.

Officials from the United States and China have announced a breakthrough regarding a framework intended to alleviate ongoing trade tensions. This preliminary agreement stems from discussions in Geneva, as reported by Bloomberg. “We have reached a framework to implement the Geneva consensus,” U.S. Commerce Secretary Howard Lutnick relayed to the press in London.

The U.S. and China have taken significant steps toward resolving trade tensions, having drafted a preliminary framework following extended negotiations. The respective negotiators are now set to share this framework with their leaders, a pivotal step toward implementation pending presidential approval. While no further meetings are scheduled, ongoing communications between both sides are expected.

Original Source: www.livemint.com

Related posts:

China Vice Premier to Meet U.S. Delegation for Upcoming Trade Talks in Britain US and China Agree on Trade Framework After Two Days of Talks in London China-U.S. Agree on Framework to Implement Geneva Trade Consensus After London Talks US, Chinese Officials to Hold New Round of Trade Talks in London Next Week