#USChinaTradeTalks
The U.S. and China agreed to temporarily suspend 24 percentage points of reciprocal tariffs for 90 days while retaining 10% tariffs, and removed additional duties imposed in early April 2025. China also committed to suspending non-tariff countermeasures .
New negotiations began on June 9 in London, with U.S. Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick, and Trade Representative Jamieson Greer meeting China’s lead negotiator, Vice Premier He Lifeng. These follow May talks in Geneva where both sides emphasized cooperation on fentanyl control and addressing non-tariff barriers.
The talks aim to establish a sustainable trade relationship through ongoing discussions, with future meetings alternating between countries. Markets reacted cautiously, with Treasury yields dipping slightly ahead of the London talks.