U.S. and China officials have announced a consensus on trade following two days of high-level discussions in London. U.S. Commerce Secretary Howard Lutnick stated that they have developed a framework to implement the “Geneva consensus” following discussions between the two presidents. Lutnick’s remarks were echoed by Chinese representatives, indicating a mutual understanding. He noted that both he and U.S. Trade Representative Jamieson Greer would return to Washington, D.C., to seek President Trump’s approval of the framework. If President Xi also endorses it, the plan will be set in motion.
Additionally, U.S. Treasury Secretary Scott Bessent mentioned his intention to return to the U.S. to testify before Congress, highlighting the urgency and importance of the discussions. The collaborative efforts signify a notable step toward easing trade tensions and establishing clearer pathways for economic cooperation between the two nations.
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