#USChinaTradeTalks .–China Trade Update (June 9, 2025)

Tariff Suspension: The U.S. and China agreed to suspend 24 percentage points of reciprocal tariffs for 90 days, keeping 10% tariffs in place. Additional duties from April 2025 have been removed.

China's Concessions: China also committed to suspending non-tariff countermeasures.

Negotiations: New talks began June 9 in London, involving U.S. officials Scott Bessent, Howard Lutnick, and Jamieson Greer, and China’s Vice Premier He Lifeng.

Prior Engagements: Follows May discussions in Geneva focused on fentanyl control and non-tariff barriers.

Goals: Aimed at building a sustainable trade relationship, with future meetings to alternate between countries.

Market Reaction: Markets remained cautious, with Treasury yields slightly dipping before the London talks