China Confirms US Trade Framework, Vows to Review Exports

US Commerce Secretary Howard Lutnick expresses confidence that a consensus will be reached on the state and local tax deduction and says the US and China signed a trade deal two days ago.Source: Bloomberg

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By Josh Xiao

June 27, 2025 at 6:52 AM UTC

Updated on

June 27, 2025 at 8:15 AM UTC

China said it has further confirmed details of a trade framework with Washington, echoing US Commerce Secretary Howard Lutnick’s earlier comments about a US-China agreement that stabilized ties.

Officials from both countries have maintained close contact after holding trade talks in London earlier this month, a spokesperson for the Chinese Commerce Ministry said in a statement Friday.