US-China trade talks: 'Framework' agreed in London
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Both countries say they have a "framework" that basically gets trade talks back to the agreement they made in Geneva a month
The US has reached a new trade agreement with China under which all Chinese imports will face a 55% tariff, while American exports to China will be subject to a reduced 10% tariff. This was the result of two days of talks between diplomats from the two nations in London.
1hon MSN
China has approved “a certain number” of export permits for rare earth elements and related items, its commerce ministry spokesman said on Thursday.
Officials from the world’s largest economies will try to strike a deal Tuesday to relax painful export restrictions that they have imposed on each other.
U.S. Commerce Secretary Howard Lutnick said on Wednesday that the 55% tariffs imposed by the United States on China will not change after a trade deal was struck between the two countries.
2don MSN
Stock markets around the world are generally holding in place as the wait continues to hear what will come of trade talks underway between the United States and China.
China plans to remove tariffs on imports from almost all African countries to further cement already close relations with the continent as it deals with the fallout of US President Donald Trump’s trade wars.