Trade Time-Out: The U.S. and China just hit pause on 24 percentage points' worth of tariffs for 90 days — keeping a 10% base rate but scrapping some extra duties added back in April 2025. China’s also putting a hold on non-tariff countermeasures for now.
New Round, New City: Negotiators are back at it as of June 9 in London — with U.S. reps Scott Bessent, Howard Lutnick, and Jamieson Greer sitting down with China’s Vice Premier He Lifeng. This follows some groundwork laid in Geneva last month, where both sides talked fentanyl control and cutting red tape.
The goal? Build a more stable, long-term trade vibe, with talks set to rotate locations going forward. Markets are watching closely — Treasury yields dipped slightly ahead of the London meet-up.
