US and China ease trade war tensions by agreeing ‘framework’ truce in London – business live

Rolling coverage of the latest economic and financial news US-China trade talks: ‘framework’ deal amid dispute over rare earths Shares have risen in China, as traders appear to welcome the trade framework agreed in London last night. The CSI 300 index, which tracks the largest stocks on the Shanghai and Shenzhen, is up around 0.8% in late trading. When you step back and think about the announcement in London we’ve gone from a trade war to an export control skirmish but never resolved the trade piece. Now there’s a truce on export controls but the idea of a broader trade agreement in August seems further away than ever.