#USChinaTradeTalks The U.S. and China have agreed to pause 24 percentage points worth of reciprocal tariffs for 90 days, while keeping 10% tariffs in place. They’ve also rolled back extra duties introduced in early April 2025. China, in turn, will suspend its non-tariff countermeasures.

New rounds of negotiations kicked off on June 9 in London, with U.S. officials — Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick, and Trade Rep. Jamieson Greer — meeting China's Vice Premier He Lifeng. This follows May discussions in Geneva that focused on fentanyl control and reducing non-tariff trade barriers.

The goal: build a more stable, long-term trade relationship through regular, rotating meetings between the two countries. Markets showed a cautious response, with Treasury yields dipping slightly ahead of the London session.