Polestar Automotive Forum: Community User: Heffernan
China, U.S. agree on implementing Geneva consensus, building on London framework, Beijing says PUBLISHED FRI, JUN 27 20253:08 AM EDTUPDATED 19 MIN AGO thumbnail Anniek Bao @IN/ANNIEK-BAO-460A48107/ @ANNIEKBYX BEIJING, CHINA - NOVEMBER 05: A view of China's Ministry of Commerce (MOFCOM) on November 5, 2024 in Beijing, China. On March 4, 2025, China's Commerce Ministry (MOFCOM) reiterated firm opposition to the U.S.'s move to impose an additional 10 percent tariff on Chinese imports starting March 4 citing the so-called fentanyl issue as an excuse, vowing to take countermeasures to firmly safeguard China's legitimate rights and interests. (Photo by VCG/VCG via Getty Images) China’s Ministry of Commerce in Beijing. Visual China Group | Getty Images The U.S. and China have further confirmed the details of the trade agreement reached by both sides earlier this month in London, which will implement the Geneva consensus, according to a statement released by China’s Ministry of Commerce Friday afternoon. China will review and approve the export applications of items under export control rules, while the U.S. will cancel a range of existing restrictive measures imposed against China, a spokesperson for the ministry said in the statement.
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