China, Howard Lutnick and talks
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Commerce Secretary Howard Lutnick, back in Washington after two days helping to negotiate a US-China trade framework in London, said Wednesday that Trump gave his team permission to back off its aggressive stance against China to get a deal done.
U.S. Commerce Secretary Howard Lutnick announced that the United States and China had agreed on a trade framework and implementation plan during talks in London. The agreement aims to address and potentially resolve restrictions on rare earths and magnets—critical materials for various technologies.
U.S. and Chinese delegations are in the U.K. for talks aimed at patching up a fraying truce in an ongoing trade war between the world’s two biggest economies. The U.S. team—led by Treasury Se
U.S. Commerce Secretary Howard Lutnick told reporters that trade talks with China that are taking place in London were going well and were expected to last all day on Tuesday.
Trade talks between the US and China resumed on Tuesday after six hours of discussions between top officials in London on Monday. Tuesday's talks are expected to continue to focus on easing tensions over rare earths and tech.