US, China reach 'framework' to implement trade deal, Lutnick says

The U.S. and China have reached a "framework" to implement a trade deal struck between the two sides last month in Geneva, Commerce Secretary Howard Lutnick announced. 

Trump then posted on Truth Social Wednesday that "our deal with China is done, subject to final approval with President Xi and me."

The development comes after two days of meetings between negotiators in London and a phone call last week between President Donald Trump and Chinese President Xi Jinping. The U.S. and China announced a 90-day détente that involved reduced tariffs in May, but both sides had accused each other of running afoul of the deal.