China Trade Deal? Where’s the Beef?
The two days of the communication between Chinese and U.S. delegations have been “professional, rational, in-depth and candid,” said Li Chenggang, China international trade representative and Vice Minister of Commerce, as the two-day meeting in London concludes. #tariff #ChinaUS pic.twitter.com/y3JvWeNiP6
— CGTN Europe (@CGTNEurope) June 10, 2025
What the heck? Looks like a big nothing burger to us. Seat belts.
US commerce secretary Howard Lutnick said American and Chinese negotiators had agreed a framework deal to restore a truce in their trade war after marathon negotiations in London. The breakthrough restores the trade war ceasefire reached in Geneva last month that had faltered because of differences over Chinese rare earth exports and US export controls. The US team would return to Washington to present the deal to President Donald Trump, Lutnick said at the end of two days of talks in London. He did not provide any details about the framework. Li Chenggang, one of the Chinese trade officials, said he hoped the negotiations, which he described as professional and candid, would create more trust between the two nations, according to Reuters. Li said the Chinese team would also present the agreement to President Xi Jinping. – FT
Source: https://global-macro-monitor.com/2025/06/10/china-trade-deal-wheres-the-beef/
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