U.S. Commerce Secretary Howard Lutnick on Wednesday said the United States’ tariffs on China will not change again, even though the two countries have yet to strike a trade deal. When asked if China tariffs will remain at the current levels in an interview with CNBC,

The United States and China have agreed on a framework to implement their trade truce, officials on both sides said Wednesday, after concluding two days of talks in London to defuse tensions and ease export restrictions that threaten to disrupt global manufacturing.

U.S. Commerce Secretary Howard Lutnick said on Tuesday trade talks with China were going well as the two sides met for a second day in London, seeking a breakthrough on export controls that have threatened a fresh rupture between the superpowers.