US-China trade talks enter stalemate phase as tariff tensions encroach on tech

US-China trade talks enter stalemate phase as tariff tensions encroach on tech

US-China trade negotiations resumed in London on June 9, following a joint statement issued in Geneva on May 12. In that agreement, both sides committed to lowering reciprocal and retaliatory tariffs, cutting the previous peak rate of 125% to 34%. Of this, 24% was suspended for 90 days, while 10% remains in effect.