The United States and China have agreed on a framework to implement their trade truce, officials on both sides said Wednesday, after concluding two days of talks in London to defuse tensions and ease export restrictions that threaten to disrupt global manufacturing.

The U.S. will keep high tariffs on Chinese goods, President Donald Trump announced, touting a framework that he and Chinese President Xi Jinping will need to OK.

US stocks closed higher as investors wait for news from another day of China-US trade talks in London. Key inflation data are also ahead.

U.S. stocks drifted just below their all-time high as the wait continues to hear what will come of trade talks underway between the United States and China.

Here are all the tariffs, counter-tariffs, dealmaking, and deal-breaking between the world’s two biggest economies.

By Katya Golubkova and Trixie Yap (Reuters) -Oil prices softened on Wednesday as markets assessed the outcome of U.S.-China trade talks, yet to be reviewed by President Donald Trump, with weak oil demand from China and OPEC+ production increases weighing on the market.

China has approved “a certain number” of export permits for rare earth elements and related items, its commerce ministry spokesman said on Thursday

Shortly after President Donald Trump returned to the White House in January, he launched a tariff war against China, as part of a broader implementation of import taxes on goods from several dozen cou