US and China agree on a framework to resolve their trade disputes

News Snapshot:

The US and China have agreed in principle on a framework to carry out an agreement they reached on resolving their trade disputes last month. The announcement by US and Chinese officials followed Tuesday's conclusion of two days of talks in London. US Commerce Secretary Howard Lutnick told reporters the framework deal puts "meat on the bones" of an agreement reached last month in Geneva to ease bilateral retaliatory tariffs. Li Chenggang, a vice minister of commerce and China's international trade representative, said the two sides had agreed in principle on a framework for implementing the consensus reached between the...