Negotiators say agreement will be presented to US President Donald Trump and Chinese President Xi Jinping for approval.
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The United States and China have agreed on a “framework” on trade after two days of talks in London aimed at deescalating tensions between the sides.
While the specifics of the framework announced on Tuesday were unclear, the apparent breakthrough comes a month after Washington and Beijing announced a 90-day pause on most of their tariffs following talks in Geneva.
US Commerce Secretary Howard Lutnick said the sides would work to implement the “Geneva consensus” and had “pounded through” all the issues dividing the world’s two largest economies.
