U.S. and Chinese negotiators agreed late Tuesday to try again to implement the trade war truce that had collapsed after it was reached during an earlier round of talks in Geneva.

The United States and China have agreed to a framework that would restart last month's trade truce following two days of talks in London, negotiators announced Wednesday.

The U.S. and China have reached consensus on trade, representatives from both sides said following a second day of high-level talks in London, according to an NBC transcript. “We have reached a framework to implement the Geneva consensus and the call between the two presidents,” U.S. Commerce Secretary Howard Lutnick said.

The CPI gives the latest update on consumer inflation, President Trump’s trade team is back from talks with China and Tesla CEO Elon Musk sets the stage for the debut of the long awaited robotaxis. FOX Business is providing real-time updates on the markets,

One expert said he expected loosened controls on U.S. exports of semiconductors in exchange for China's releasing of more rare earths.