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WSJ What’s News

U.S. and China Agree to ‘Framework’ for Trade Deal

WSJ What’s News

The Wall Street Journal

News, Daily News

44K Ratings

🗓️ 11 June 2025

⏱️ 14 minutes

🧾️ Download transcript

Summary

A.M. Edition for June 11. Negotiators wrap up two days of trade talks in London. Plus, California Governor Gavin Newsom accuses President Trump of “theatrics over public safety” as protests over immigration enforcement intensify. And U.S. consumer prices are expected to have accelerated slightly in May from the previous month. WSJ market reporter Caitlin McCabe discusses what to expect in Wednesday’s inflation data. Azhar Sukri hosts. Sign up for the WSJ’s free What’s News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

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0:32.9

U.S.-China trade tensions look like they might be cooling off. Now it's up to their leaders to seal a deal.

0:39.8

Plus, Los Angeles remains on edge as protests over immigration continue. California's governor

0:47.3

accuses Trump of being an authoritarian. He again chose escalation. He chose more force.

0:54.5

He chose theatrics over public safety.

0:57.2

And we look ahead to the big event for markets today.

1:00.7

US inflation data.

1:02.7

It's Wednesday, June the 11th.

1:04.5

I'm Azhar Sukri, filling in for Luke Vargas for the Wall Street Journal.

1:08.6

Here is the A.M AM edition of What's News.

1:11.6

The top headlines and business stories moving your world today.

1:18.8

US and Chinese negotiators have wrapped up two days of intense trade talks here in London.

1:25.2

They said they've agreed to a framework to get their

1:28.6

truce back on track and ratchet down tensions between the two biggest economies.

1:34.2

That framework essentially restores a deal representatives agreed to in Switzerland last month.

1:40.2

Chinese negotiator Li Chenggang said the two sides have agreed in principle.

1:45.5

And U.S. Commerce Secretary Howard Lutnik said the U.S. and China have reached a, quote, handshake for a framework, including on the key issues of rare earth minerals.

1:56.4

Absolutely expect that the topic of rare earth minerals and magnets with respect to the United

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