US, China Officials Say Consensus Reached on Geneva Framework

Bloomberg06-11

The US and China have agreed in principle to a framework for deescalating trade tensions by implementing the consensus they reached in Geneva, negotiators for both sides said.

“We have reached a framework to implement the Geneva consensus,” US Commerce Secretary Howard Lutnick told reporters in London.

The US and Chinese delegations will now take the proposal back to their respective leaders, said China’s chief trade negotiator Li Chenggang, after two days of discussions that spanned nearly 20 hours in a Georgian-era mansion near Buckingham Palace.

“Once the presidents approve it, we will then seek to implement it,” Lutnick added.

US Trade Representative Jamieson Greer said there were no other meetings scheduled, but added that the American and Chinese sides talk frequently and are able to do so whenever they need.

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Comments

  • manta76
    06-11
    manta76
    Think the us side will flip flop again in less than a month... implement more restrictions agst china once they get enough stockpiles of rare earths 
  • neo26000
    06-11
    neo26000
    Chatgpt Summary: Overall Tone: Cautious optimism. The agreement is seen as a positive development, but real benefits hinge on execution and trust. Markets appear to be in a "wait and see" mode, with little immediate reaction due to expectations already being priced in.
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