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Pastimes : The Philosophical Porch -- Ignore unavailable to you. Want to Upgrade?

To: Rarebird who wrote (26080)	6/10/2025 9:39:41 PM
From: Rarebird	1 Recommendation Recommended By Investor2 Respond to of 26251

Breaking News: "Investing.com-- U.S. and Chinese officials said on Tuesday they had reached a framework to move forward on a trade deal after two days of high-level talks in London, with rare earths and chip export restrictions in focus. U.S. Secretary of Commerce Howard Lutnick told reporters that U.S. and Chinese officials had agreed to a “framework” for implementing an earlier trade deal reached in Geneva, and that they will proceed with the framework if President Donald Trump approves the terms. Lutnick also said he expects the “rare earth and magnets issues” to be resolved, and that the U.S. will scale back its export restrictions on China after the country resumes its exports of rare earths. Lutnick and Trade Representative Jamieson Greer said they were positive on talks with the Chinese, and that a recent call between Trump and Chinese President Xi Jinping had changed the outcome of the talks. Greer said that there were no more meetings scheduled with China, but that U.S. and Chinese officials will be in contact for at least the next two days. Separately, Chinese Vice Commerce Minister Li Changgang flagged positive talks with the U.S., and that the framework will now be presented to Xi for approval. Tuesday’s agreement comes after the U.S. and China in May agreed to temporarily slash their respective trade tariffs. This agreement will likely remain in place over the coming weeks, with officials now attempting to build on the Geneva deal. Tuesday’s agreement also marks a resumption in U.S.-China trade negotiations, which appeared to have stalled in recent weeks amid disagreements over rare earth exports and U.S. chip export controls. China had decried increased U.S. export restrictions on chips and other technologies, while the U.S. had objected to China’s curbs on rare earth exports, which are expected to severely limit global supplies."