US, Chinese Officials Reach Trade Deal That Needs Executive Approval

‘We’re going to go back and speak to President Trump and make sure he approves it,’ Commerce Secretary Howard Lutnick said after talks in London.

U.S. Secretary of Commerce Howard Lutnick answers questions from the media as he returns to Lancaster House, on the second day scheduled for trade talks between the United States and China, in London on June 10, 2025. Toby Melville/Reuters

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.