Lutnick: Trump Needs to Approve Plan Between US, China to Ramp Down Trade Tensions (Reporter Q&A)

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US and China have agreed in principle to a framework for deescalating trade tensions by implementing the consensus they reached in Geneva, negotiators for both sides said. “We have reached a framework to implement the Geneva consensus,” US Commerce Secretary Howard Lutnick told reporters in London. The US and Chinese delegations will now take the proposal back to their respective leaders, said China’s chief trade negotiator Li Chenggang, after two days of discussions that spanned nearly 20 hours in a Georgian-era mansion near Buckingham Palace.