China officially announced on Friday the details of a trade agreement with the United States, indicating that Washington would eliminate restrictive measures while Beijing would review and approve items subject to export controls.
The two nations reached this understanding after discussions in Geneva in May, during which they agreed to temporarily reduce significant reciprocal tariffs on each others goods.
Additionally, China pledged to relax certain non-tariff countermeasures however, US officials later accused Beijing of breaching the agreement and delaying export license approvals for rare earths.
They finally reached a framework to advance their Geneva consensus following discussions in London earlier this month.
On Thursday, a White House representative informed AFP that President Donald Trumps administration and China had reached an additional understanding for a framework to implement the Geneva agreement.