Trade Negotiations in London: A Ticket to Tuesday Night, Maybe? 🎫🔥
Trade negotiations between the U.S. and China are reportedly progressing favorably, according to maker of trading platform Lutnick. (updated)
Let's dive into the ongoing US-China trade talks happening in London as of 5:07 PM ET. Here's the scoop, straight from the horse's mouth—or, in this case, Commerce Secretary Howard Lutnick's mouth, according to Reuters.
"Things are going great here," Lutnick declared, his head buried deep in discussions. "We're putting in the sweat and the grind - everyone's committed and focused, working closely together."
The US and Chinese delegations have been giving it their all at Lancaster House for two days, pushing towards a potential resolution by Tuesday night. But Lutnick hinted they might extend the talks till Wednesday if need be.
Meanwhile, Treasury Secretary Scott Bessent had to cut the talks short, jetting off to Washington to testify before Congress. Despite the abrupt departure, he reported the two days as productive. According to Bloomberg News, the two nations' teams, under Bessent and Chinese Vice Premier He Lifeng, were still hammering out nitty-gritty technical details late into Tuesday night.
More on the trade tensions between these titans? Check out our exclusive pieces on the Brookings Institute's take on US-China struggles, semiconductors' role, and China's rare earth exports (link2).
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Update as of Tuesday night: The US and China have agreed on a framework deal, aimed at defusing the trade war between the two economic giants. The final details are being hammered out, but the agreement is yet to receive approval from Trump and Xi Jinping to make it official. The talks are tentatively scheduled to end tonight, but it's not clear if further negotiations or approvals are needed before the deal can be finalized[1][2]. (Enrichment data)
The ongoing US-China trade negotiations in London, as depicted by Commerce Secretary Howard Lutnick and Treasury Secretary Scott Bessent, are a testament to the intensity of modern politics and general-news events. Despite Bessent's departure for a Congress hearing, the negotiations between the two nations' teams continue, with a potential framework deal in sight, albeit pending final approval from Presidents Trump and Xi Jinping.
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