US, Chinese Officials Reach Trade Deal That Needs Executive Approval

Negotiators on both sides of the U.S.-China trade talks have walked out of two days of trade negotiations with an agreement to take back to their respective leaders that outlines a consensus framework for bilateral trade. Leaving the talks in London on June 10, U.S. Commerce Secretary Howard Lutnick told reporters, “We have reached a framework to implement the Geneva consensus and the call between the two presidents,” referring to the phone call between President Donald Trump and Chinese leader Xi Jinping. On that call on June 5, Trump and Xi discussed the tensions that had inflamed again over China’s bans on rare earth exports, and U.S. bans on exports of advanced semiconductor chips to China....