China, U.S. agree on implementing Geneva consensus, building on London framework, Beijing says

The U.S. and China have further confirmed the details of the trade agreement reached by both sides earlier this month in London, which will implement the Geneva consensus, according to a statement released by China’s Ministry of Commerce on Friday afternoon.

China will review and approve the export applications of items under export control rules, while the U.S. will cancel a range of existing restrictive measures imposed against China, a spokesperson for the ministry said in the statement.

The statement came after U.S. President Donald Trump said Thursday at an event in the White House that both sides had signed a trade deal, without providing further details.

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