US and Chinese negotiators concluded trade talks in London, resulting in a framework agreement to address trade concerns, including rare earth exports. China's Ministry of Commerce described the outcome as a framework built upon previous Geneva discussions, downplaying President Trump's claim of a finalized "done" deal. While Trump touted significant tariff reductions and rare earth supply guarantees, the agreement still requires approval from Presidents Trump and Xi. The US Secretary of Commerce described the agreement as a 'handshake for a framework'.

Prepared by Christopher Adams and reviewed by editorial team.