Ball Now in Xi-Trump's Court

US and Chinese officials yesterday agreed in London to again try to implement the trade war truce that collapsed amid allegations from both sides weeks after it was reached during an earlier round of talks in Geneva.

US Commerce Secretary Howard Lutnick announced a ‘handshake’ deal to put into effect the terms of the May 12 US-China agreement that called for both nations to lower their tariffs and take additional steps to facilitate trade.

No text of either the London framework or the earlier Geneva accord to deescalate the US-China trade war was released by either side, but Lutnick said both nations would remove new trade barriers they had erected as the truce broke down, global newswires reported.

The negotiators plan to return to brief their respective presidents. The deal will be put into immediate effect once it receives Presidential approval on both sides.