After two days of negotiations in London, the US and China have agreed in principle on a framework to ease trade tensions by possibly rolling back some tariffs. The proposed deal involves the US potentially lifting restrictions on semiconductor sales to China in return for quicker exports of rare earth materials from China. The agreement hinges on the approval of both Presidents Trump and Xi, and represents a significant moment in the ongoing trade conflict that has impacted global supply chains.
The United States and China have reached a framework agreement to roll back some punitive trade measures, potentially easing chip sales to China in exchange for rare earth exports.
This agreement comes after two days of talks in London, highlighting a pivotal moment in a trade war that has threatened global supply chains.
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