U.S.-China trade representatives held a second round of formal talks in London, concluding late at night with an agreement. U.S. Commerce Secretary Lutechnik stated that the two nations successfully shook hands on a framework for cooperation. This negotiation builds upon the previous agreement reached in Geneva and aims to eliminate trade barriers and foster goodwill between the two countries.

The Chinese delegation, led by Vice Premier He Lifeng, included key officials such as Commerce Minister Wang Wentao and trade negotiation representative Li Chenggang. On the U.S. side, Treasury Secretary Bencent and Trade Representative Greele took the lead. During discussions, both sides engaged in intense dialogue over rare earths and tariffs. The U.S. raised concerns over China's trade practices, while China responded to U.S. export restrictions. Following the meeting, Lutechnik emphasized that the agreement would enhance trade interactions.

After the talks, both nations confirmed the consensus reached and committed to report back to their respective leaders. Experts believe this meeting was beneficial for both sides, although market reactions were muted, indicating potential for future cooperation.