#USChinaTradeTalks

🌍 U.S.-China Tariff Truce: 90-Day Break Signals Hope for Trade Stability

In a positive step toward easing trade tensions, the U.S. and China have agreed to temporarily suspend 24 percentage points of reciprocal tariffs for 90 days, while maintaining a 10% baseline tariff. Both sides also removed additional duties imposed in early April 2025, and China has pledged to suspend its non-tariff countermeasures.

🚨 This agreement sets the stage for fresh negotiations, which kicked off today, June 9, in London. Leading the U.S. delegation are Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick, and Trade Representative Jamieson Greer, meeting with China’s top negotiator, Vice Premier He Lifeng.

These talks follow May's Geneva discussions, where both sides emphasized cooperation on fentanyl control and removing non-tariff trade barriers.

🎯 The ultimate goal? To build a sustainable and balanced trade relationship through regular discussions, with future meetings rotating between the two countries.

📉 Markets reacted cautiously ahead of the talks, with slightly lower Treasury yields reflecting investor uncertainty — but also hope for progress.

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Conclusion:

The 90-day tariff pause is a welcome breather in a long-standing trade standoff. While challenges remain, both nations seem ready to reset the tone — from confrontation to cooperation. 🌐🤝