US, China Officials Agree on Plan to Ramp Down Trade Tensions

The US and China de-escalated trade tensions, agreeing to a preliminary deal on how to implement the consensus the two sides reached in Geneva, negotiators for both sides said.

While the full details of their accord weren’t immediately available, US negotiators said they “absolutely expect” that issues around shipments of rare earth minerals and magnets will be resolved with the framework implementation.

Howard Lutnick speaks to members of the media at Lancaster House in London on June 10.

Photographer: Chris J. Ratcliffe/Bloomberg

“We have reached a framework to implement the Geneva consensus,” US Commerce Secretary Howard Lutnick told reporters in London.

The US and Chinese delegations will now take the proposal back to their respective leaders, said China’s chief ...