US, China agree on framework to resolve trade dispute

After two days of intense talks in London, the US and China agreed to revive their trade truce reached in May.

Both sides committed to reversing some punitive trade measures and reestablishing the Geneva framework.

The deal includes China resuming exports of rare earth minerals and magnets, which are crucial to US industries, while the US will lift certain export restrictions on Chinese goods.

Commerce Secretary Howard Lutnick confirmed that the mineral dispute was resolved “in a balanced way.” The agreement now awaits approval from President Donald Trump and China’s Xi Jinping.

However, the final details remain unclear, fueling uncertainty. Analysts say the deal is a step forward, with Washington seeking faster access to minerals essential for US manufacturing.