Reports: China, U.S. agree to hew to Geneva deal, ease some restrictions

The U.S. and China on Tuesday concluded two days of talks in London by agreeing “in principle” to stick with a deal hammered out in Geneva earlier this month, according to reports that say the new understanding could lead the U.S. to soften some chip controls and China to ease some restrictions on rare earths exports. Li Chenggang, international trade negotiator for China’s Ministry of Commerce, told reporters in London that the talks with his U.S. counterparts were “in-depth and...