In a significant development for US-China relations, both nations have agreed on a framework to implement the Geneva consensus, easing tariffs after weeks of negotiations. This breakthrough, reached during talks in London on 2025-06-12 03:34:00, signals a potential shift towards more cooperative trade practices.
- US and China agree on trade framework
- Breakthrough achieved after London talks
- Beijing to expedite rare earth shipments
- Washington to ease export controls
- Trust remains a major issue
- Chips and rare earths as bargaining tools
US Commerce Secretary Howard Lutnick emphasized the need to “get the negativity out” to make progress. As part of this agreement, China has committed to accelerating shipments of rare earth metals, vital for the global auto and defense sectors, while the US will ease export controls.
This agreement raises questions about the future of US-China trade relations. Will this framework lead to lasting cooperation, or is it merely a temporary solution? Key points include:
- China’s commitment to faster rare earth shipments.
- The US’s decision to relax export controls.
- Ongoing concerns about China’s trade surplus with the US.
As both nations prepare to present the proposal to their leaders, the focus will be on whether this momentum can lead to sustainable trade practices. Will trust be rebuilt, or will underlying tensions resurface?
