By Lisa Baertlein LOS ANGELES (Reuters) -Imports to the busiest U.S. seaport at Los Angeles dropped 9% year-on-year in May, offering insight into how many shipments were canceled or put on hold after President Donald Trump slapped tariffs of 145% on goods from China.

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.

Shortly after President Donald Trump returned to the White House in January, he launched a tariff war against China, as part of a broader implementation of import taxes on goods from several dozen cou

China has approved some new U.S. pork and poultry plants to export eligible products produced on or after June 12, Chinese Customs said in a notice on its website.

Chipmaker Nvidia will exclude the Chinese market from its revenue and profit forecasts following the imposition of tough US restrictions on chip sales to China, its CEO said Thursday.

President Donald Trump announced Wednesday that China will make it easier for American industry to obtain much-needed needed magnets and rare earth minerals, clearing the way for talks to continue between the world’s two biggest economies.

Nvidia will no longer include the China market in its revenue and profit forecasts following stringent U.S. trade restrictions on chip sales to the region, CEO Jensen Huang told CNN on Thursday.

High-stakes trade negotiations between the U.S. and China continued into a second day Tuesday, as both sides sought to defuse a trade war that threatens both economies.

US stocks closed higher as investors wait for news from another day of China-US trade talks in London. Key inflation data are also ahead.

China is suffering a "terrible loss" in the Middle East and could convince some other party to "strike us," according to Gatestone Institute's Gordon Chang.