#USChinaTradeTalks

The US and China have agreed to **temporarily suspend 24 percentage points** of mutual tariffs for 90 days, maintaining a 10% tariff baseline, and have rolled back additional duties imposed in early April 2025. China has also pledged to pause non-tariff countermeasures.

Fresh negotiations began on **June 9 in London**, where Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick, and Trade Representative Jamieson Greer met with Chinese Vice Premier He Lifeng.

Following May’s talks in Geneva, both sides reaffirmed cooperation on **fentanyl control** and reducing non-tariff barriers.

The goal remains a **sustainable trade relationship**, with rotating future meetings. Markets reacted cautiously.