U.S. and Chinese officials said on Tuesday they had agreed on a framework to put their trade truce back on track and remove China's export restrictions on rare earths while offering little sign of a durable resolution to longstanding trade differences.

The US and China agreed to a framework and implementation plan to ease trade tensions on Tuesday. “We have reached a framework to implement the Geneva consensus,” US Commerce Secretary Howard Lutnick said.

Top officials from the United States and China said yesterday that they had agreed on a “framework” to move forward on trade, following two days

The dollar was steady against its major peers on Wednesday, after U.S. and China agreed on a framework for a trade agreement that investors hoped could potentially pave the way to resolving a damaging trade war between the world's two largest economies.

Trade talks between the US and China resumed on Tuesday, with talks stretching well into the evening in London. Commerce Secretary Howard Lutnick said the talks were progressing "really, really well," but that they could stretch into Wednesday as the sides iron out details.

LONDON, UK — Senior U.S. and Chinese negotiators have agreed on a framework to move forward on trade talks after a series of disputes that threatened to derail them, Chinese state media said Wednesday. The announcement followed two days of talks in the British capital that ended late Tuesday.