China, U.S. Agree on How They Will Implement Trade Framework
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China and the U.S. have agreed on the details to implement the trade framework reached by the two sides’ top negotiators in London early this month, according to China’s commerce ministry.
The ministry said in a statement Friday that after the London talks, the teams from both sides have maintained close communication. Following approvals, the two sides further confirmed the details of this framework, it said.
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- China and the U.S. agreed on detailed steps to implement a trade framework, including expediting U.S. imports of Chinese rare earths in exchange for reduced U.S. trade restrictions.
- President Trump announced a signed trade deal with China and hinted at future deals with India and other major partners.
- China’s commerce ministry emphasized compliance with international practices and continued approvals of export applications, including some from the EU.
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What Happened When
- Early June 2025：
- China and the U.S. reached a trade framework agreement during talks between top negotiators in London.
- Early June 2025：
- China's commerce ministry defended its export control policies on rare earth minerals.
- By June 26, 2025：
- U.S. President Donald Trump announced that a trade deal was signed with China.
- June 27, 2025：
- China's commerce ministry confirmed that China and the U.S. have agreed on the details to implement the trade framework.
- June 27, 2025：
- A White House official stated that the U.S. and China reached an additional understanding for a framework to implement the Geneva agreement, expediting rare-earth shipments to the U.S.
- June 27, 2025：
- China's commerce ministry spokesperson He Yadong said that compliant rare earth export applications from the EU have already been approved.
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