##USChinaTradeTalks U.S. and China Ease Trade Tensions with 90-Day Tariff Truce, Renew Talks in London

In a significant step toward easing trade tensions, the United States and China have agreed to a 90-day suspension of 24 percentage points in reciprocal tariffs, maintaining a 10% baseline while eliminating additional duties imposed in early April 2025. As part of the agreement, China also pledged to halt its non-tariff countermeasures, signaling a mutual desire to de-escalate.

High-level negotiations resumed June 9 in London, where U.S. Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick, and Trade Representative Jamieson Greer met with China’s Vice Premier and lead negotiator He Lifeng. The London dialogue follows constructive talks in Geneva last month, where both sides prioritized collaboration on fentanyl control and reducing non-tariff trade barriers.

These discussions are part of a broader effort to build a long-term, stable economic partnership, with a commitment to ongoing, rotating meetings between the two nations. Financial markets responded with caution, as Treasury yields dipped slightly in anticipation of the London talks' outcome.

With tensions cooling and dialogue resuming, both powers appear poised to pursue a more sustainable and cooperative trade future.