US Commerce Secretary Howard Lutnick said the deal should result in restrictions on rare earth minerals and magnets being resolved. Both sides said they would now take the plan to their presidents - Donald Trump and Xi Jinping - for approval.

The outcome of U.S.-China trade talks in London could shape economic relations between the world's two largest economies and influence global supply chains.

Ahead of key trade talks in London, here are all the tariffs, counter-tariffs, dealmaking, and dealbreaking between the world’s two biggest economies.