LONDON: Senior US and Chinese negotiators have agreed on a framework to move forward on trade talks after a series of disputes had threatened to derail them, Chinese state media said Wednesday.
The announcement followed two days of talks in the British capital that ended late Tuesday.
The disputes had shaken a fragile truce reached in Geneva last month, leading to a phone call last week between President Donald Trump and Chinese leader Xi Jinping to try to calm the waters.
Li Chenggang, a vice minister of commerce and China’s international trade representative, said the two sides had agreed in principle on a framework for implementing the consensus reached between the two leaders and at the talks on Geneva, the official Xinhua News Agency said.
Further details, including any plans for a potential next round of talks, were not immediately available.
Li and Wang Wentao, China’s commerce minister, were part of the delegation led by Vice Premier He Lifeng. They met with US Commerce Secretary Howard Lutnick, Treasury Secretary Scott Bessent and Trade Representative Jamieson Greer at Lancaster House, a 200-year-old mansion near Buckingham Palace.
Wendy Cutler, a former US trade negotiator, said the disputes had frittered away 30 of the 90 days the two sides have to try to resolve their disputes.
They had agreed in Geneva to a 90-day suspension of most of the 100 percent-plus tariffs they had imposed on each other in an escalating trade war that had sparked fears of recession.
“The US and China lost valuable time in restoring their Geneva agreements,” said Cutler, now vice president at the Asia Society Policy Institute. “Now, only sixty days remain to address issues of concern, including unfair trade practices, excess capacity, transshipment and fentanyl.”
Since the Geneva talks, the US and China have exchanged angry words over advanced semiconductors that power artificial intelligence, visas for Chinese students at American universities and rare earth minerals that are vital to carmakers and other industries.
China, the world’s biggest producer of rare earths, has signaled it may ease export restrictions it placed on the elements in April. The restrictions alarmed automakers around the world who rely on them. Beijing, in turn, wants the US to lift restrictions on Chinese access to the technology used to make advanced semiconductors.
Cutler said it would be unprecedented for the US to negotiate on its export controls, which she described as an irritant that China has been raising for nearly 20 years.
“By doing so, the US has opened a door for China to insist on adding export controls to future negotiating agendas,” she said.
Trump said earlier that he wants to “open up China,” the world’s dominant manufacturer, to US products.
“If we don’t open up China, maybe we won’t do anything,” Trump said at the White House. “But we want to open up China.”
The US and China have agreed on a framework to resolve their trade disputes
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The US and China have agreed on a framework to resolve their trade disputes
Chinese carrier conducting intense air operations near Japan, Tokyo says
- Japan on Sunday summoned China’s ambassador to protest “dangerous” and “regrettable” acts by the carrier’s planes
- The Chinese embassy responded that Japanese aircraft had endangered flight safety by approaching the carrier
TOKYO: A Chinese carrier strike group sailing close to Japan kept up intense air operations on Sunday as it sailed into the Pacific Ocean east of the Okinawa Islands, Japan’s Self-Defense Forces said Monday.
The naval drills came amid growing tension between the East Asian neighbors and triggered a flurry of protests, with Tokyo accusing Beijing on Sunday of dangerous behavior. Japan said fighters from the Liaoning aircraft carrier aimed radar beams at Japanese jets scrambled to shadow its movements.
Illuminating an aircraft with a radar beam signals a potential attack that may force targeted planes to take evasive action.
Aircraft aboard the carrier conducted around 100 takeoffs and landings over the weekend, Japan’s SDF said.
Japan on Sunday summoned China’s ambassador, Wu Jianghao, to protest “dangerous” and “regrettable” acts by the carrier’s planes.
Japan will “respond calmly but firmly and continue to monitor the movements of Chinese forces in the waters around our country,” Chief Cabinet Secretary Minoru Kihara said at a regular press briefing on Monday.
The Chinese embassy in a statement denied Tokyo’s claims, saying that Japanese aircraft had endangered flight safety by approaching the carrier as it conducted training with its three missile-destroyer escorts.
“China solemnly demands that Japan stop smearing and slandering, strictly restrain its frontline actions, and prevent similar incidents from happening again,” it said.
Kihara rejected the claim that Japan’s aircraft endangered flight safety on the carrier.
The encounters marked the most serious run-ins between the two militaries in years and risk worsening relations already strained after Japan’s Prime Minister Sanae Takaichi warned that Tokyo could respond to any Chinese action against Taiwan that threatened Japan’s security.
