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US and China Reach Trade Framework Agreement in London

CBS NewsJuly 5, 20251 min17,582 views
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New Trade Framework Agreement

  • 🤝 The U.S. and China have reached a "trade framework" following two days of negotiations in London, according to Commerce Secretary Howard Lutnick.
  • 🎯 The agreement aims to get the Geneva trade agreement back on track and implement the consensus reached between the two presidents on June 5th.

Implementation Process

  • 🗣️ Following the agreement, U.S. officials, including Ambassador Greer and Scott Bessant, will brief President Trump for approval.
  • 🇨🇳 Simultaneously, Chinese officials will present the framework to President Xi for his approval.
  • ✅ If both presidents approve the framework, it will then be implemented.
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Trade FrameworkUS-China RelationsGeneva Trade AgreementInternational NegotiationsCommerce SecretaryPresident TrumpPresident Xi
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