US and China Agree on Framework for Geneva Consensus, Says Commerce Secretary Lutnick

US and China Agree on Framework for Geneva Consensus, Says Commerce Secretary Lutnick

Final Decision on Trade Framework Still Pending Trump’s Approval

In a late Tuesday statement, US Commerce Secretary Howard Lutnick announced that the United States and China have agreed to a framework for implementing the Geneva Consensus, a potential step forward in easing trade tensions between the world’s two largest economies.

Lutnick clarified that while a broad framework is in place, it remains subject to further review, and a final decision will depend on whether President Donald Trump approves the agreement.

Next Steps: Review and Political Approval

While the announcement is a positive signal for US-China economic relations, Lutnick emphasized that the two sides will revisit the framework, indicating that details remain to be finalized. This step could influence global trade policy, tariffs, and investor sentiment.

The Geneva Consensus, discussed during recent trade meetings in London, appears to focus on shared economic goals, possibly covering technology exports, rare earths, and market access.

Market Reaction and Strategic Impact

This development adds to the cautious optimism seen in global markets earlier in the week, with gold, equities, and China-proxy currencies like NZD and AUD all responding positively to signs of trade cooperation.

However, the uncertainty surrounding President Trump’s final decision keeps risk sentiment in check, as markets await a formal announcement or policy shift.

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