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.

Washington and Beijing have said the negotiations have led to consensus, though Chinese officials have shared fewer details After two days of closely watched trade talks between the United States and China in London,

The present trajectory of US-China relations, characterized by rivalry, mutual distrust, and strategic decoupling, has not only undermined bilateral relations but also diminished the efficacy of global institutions including the United Nations, World Trade Organization (WTO), World Health Organization (WHO), and climate governance frameworks.

The 30-minute call comes as Lee, a liberal from South Korea's Democratic Party, seeks to ease tensions on the Korean Peninsula. North-South relations are at their most strained in decades amid Kim's frequent ballistic missile tests and North Korean troop deployments to support Russia's war against Ukraine.

WASHINGTON (Reuters) -China's Huawei Technologies is capable of producing no more than 200,000 advanced artificial intelligence chips in 2025, a top U.S. exports controls official told lawmakers on Thursday, warning that though the number is below the company's demand, China is quickly catching up to U.S. capabilities.

Here are all the tariffs, counter-tariffs, dealmaking, and deal-breaking between the world’s two biggest economies.

China's export growth is anticipated to have moderated in May, even as a temporary reduction in US tariffs on Chinese goods offered some respite.

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