#USChinaTradeTalks

The U.S. and China have agreed to pause 24% worth of tariffs for 90 days, though 10% tariffs will still remain. They also rolled back extra tariffs that were added in early April 2025. On top of that, China agreed to hold off on certain non-tariff retaliation measures.

Fresh negotiations kicked off on June 9 in London, where key U.S. officials — Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick, and Trade Representative Jamieson Greer — sat down with China’s Vice Premier He Lifeng. These follow-up talks build on the May discussions in Geneva, where both sides focused on fentanyl control and reducing non-tariff trade barriers.

The goal now is to build a long-term, stable trade relationship, with future talks alternating between both countries. Markets are staying cautious, with a slight dip in U.S. Treasury yields right before the London round began.