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US-China trade talks: ‘framework’ deal amid dispute over rare earths

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“Jaw, jaw is better than war, war,” as Harold Macmillan once remarked. And after two days of talking in London, the US and China have managed to patch up their trade conflict truce.

Just before midnight last night the two countries agreed a framework that, it is hoped, will ease tensions between the two economic superpowers. It will reinforce their initial agreement made in Geneva a month ago, once presidents Donald Trump and Xi Jinping have approved it.