U.S. and China Agree on Plan to Ease Export Controls

“The United States and China have agreed on a framework to implement their trade truce, officials on both sides said Wednesday, after concluding two days of talks in London to defuse tensions and ease export restrictions that threaten to disrupt global manufacturing,” CNN reports.

Wall Street Journal: “Representatives from the countries said the framework would essentially restore a pact they agreed to in Switzerland last month, a deal that saw both sides lower tariffs and was premised in part on Beijing’s promise to speed up critical mineral-export licenses while the negotiators kept talking.”