U.S. and Chinese officials said 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 U.S. and China have reached consensus on trade, representatives from both sides said after high-level talks in London.

The United States and China have agreed on a framework to implement their trade truce, officials on both sides said Wednesday, after concluding two days of talks in London to defuse tensions and ease export restrictions that threaten to disrupt global manufacturing.

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China's trade negotiator says that the two countries reached an agreement on a trade framework after two days of talks.

Turkey and China have renewed a currency swap agreement, allowing their central banks to exchange as much as 189 billion liras ($4.8 billion) or 35 billion yuan over the next three years.

Economists saw progress in trade talks on the rare earth issue between the United States and China as a positive sign in moving toward a longer-term deal that would settle financial markets and

U.S. Treasury Secretary Scott Bessent on Wednesday called on China to uphold its commitments under an initial U.S. trade agreement reached in Geneva last month, hours after he and other U.S. and Chinese officials agreed on a new framework to implement the deal.