China’s Li says US-China reach framework on trade, will report back to leaders

Trade talks between the U.S. and China, in London

LONDON (Reuters) -China’s Vice Commerce Minister Li Chenggang said on Tuesday that the Chinese and the U.S. negotiating teams had agreed a framework on trade after two days of talks, and would take that back to their leaders.

“The two sides have, in principle, reached a framework for implementing the consensus reached by the two heads of state during the phone call on June 5th and the consensus reached at the Geneva meeting,” Li told reporters.

(Reporting by Kate Holton and Alistair Smout; editing by William James)