The United States and China announced early Wednesday that their negotiating teams have reached a preliminary agreement on a general trade framework following two days of talks in London. Final approval now rests with the leadership of both countries.

Chinese Vice Minister for International Trade, Li Chenggang, told reporters that “both sides reached an initial agreement on a general framework and will report it to their respective leaderships.”

U.S. Commerce Secretary Howard Lutnick added, “The idea is to go back and consult with President Trump to ensure his approval, while the Chinese delegation will do the same with President Xi Jinping.”

The talks, conducted under tight confidentiality, resumed Tuesday in London as part of ongoing efforts to solidify a fragile trade truce reached in Geneva last month.

While details of the proposed framework have not been disclosed, both sides described the discussions as constructive, raising cautious optimism for a possible resolution to longstanding trade tensions between the world’s two largest economies.