China and U.S. agree on framework to implement Geneva commerce consensus

The U.S. and China have reached consensus on commerce, representatives from either side mentioned following a second day of high-level talks in London, in keeping with an NBC transcript.

“We have now reached a framework to implement the Geneva consensus and the decision between the 2 presidents,” U.S. Commerce Secretary Howard Lutnick mentioned.

That echoed feedback from the Chinese language facet, shared through a translator.

Lutnick mentioned he and U.S. Commerce Consultant Jamieson Greer will head again to Washington, D.C., to “be sure that President Trump approves” the framework. If Xi additionally approves it, then “we are going to implement the framework,” Lutnick mentioned.

Earlier, U.S. Treasury Secretary Scott Bessent informed reporters he was headed again to the U.S. with the intention to testify earlier than Congress on Wednesday.