{"id":186078,"date":"2025-05-12T11:16:42","date_gmt":"2025-05-12T08:16:42","guid":{"rendered":"https:\/\/wardoon.net\/en\/?p=186078"},"modified":"2025-05-12T11:16:42","modified_gmt":"2025-05-12T08:16:42","slug":"china-and-the-us-agree-to-slash-tariffs","status":"publish","type":"post","link":"http:\/\/wardoon.net\/en\/china-and-the-us-agree-to-slash-tariffs\/","title":{"rendered":"China and the US agree to slash tariffs"},"content":{"rendered":"

\"\"<\/span><\/span><\/p>\n

In\u00a0a\u00a0<\/span><\/span>critical<\/span><\/span>\u00a0<\/span><\/span>step<\/span><\/span>\u00a0<\/span><\/span>towards<\/span><\/span>\u00a0<\/span><\/span>promoting<\/span><\/span>\u00a0trade\u00a0<\/span><\/span>voltage,<\/span><\/span>\u00a0the\u00a0<\/span><\/span>US<\/span><\/span>\u00a0and\u00a0China\u00a0have\u00a0agreed\u00a0to\u00a0<\/span><\/span>significantly<\/span><\/span>\u00a0reduce\u00a0tariffs\u00a0over\u00a0the\u00a0next\u00a090\u00a0days.\u00a0This\u00a0development\u00a0<\/span><\/span>is<\/span><\/span>\u00a0a\u00a0<\/span><\/span>considerable<\/span><\/span>\u00a0step\u00a0<\/span><\/span>towards<\/span><\/span>\u00a0<\/span><\/span>eliminating<\/span><\/span>\u00a0<\/span><\/span>the<\/span><\/span>\u00a0trade\u00a0war\u00a0that\u00a0has\u00a0strained\u00a0global\u00a0markets\u00a0and\u00a0<\/span><\/span>hampered<\/span><\/span>\u00a0supply\u00a0<\/span><\/span>chains.<\/span><\/span>\u00a0<\/span>
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<\/span>The\u00a0announcement\u00a0<\/span><\/span>immediately<\/span><\/span>\u00a0had\u00a0<\/span><\/span>a<\/span><\/span>\u00a0positive\u00a0<\/span><\/span>effect<\/span><\/span>\u00a0on\u00a0global\u00a0financial\u00a0markets.\u00a0<\/span><\/span>The<\/span><\/span>\u00a0S&P\u00a0<\/span><\/span>500’s<\/span><\/span>\u00a0<\/span><\/span>future<\/span><\/span>\u00a0rose\u00a02.8%,\u00a0the\u00a0<\/span><\/span>US<\/span><\/span>\u00a0dollar\u00a0<\/span><\/span>rose<\/span><\/span>\u00a00.7%,\u00a0and\u00a0<\/span><\/span>the<\/span><\/span>\u00a0gold\u00a0<\/span><\/span>price<\/span><\/span>\u00a0<\/span><\/span>fell<\/span><\/span>\u00a0<\/span><\/span>2.3%.<\/span><\/span>\u00a0<\/span><\/span>US<\/span><\/span>\u00a0<\/span><\/span>Finance<\/span><\/span>\u00a0<\/span><\/span>Minister<\/span><\/span>\u00a0Scott\u00a0<\/span><\/span>Becent<\/span><\/span>\u00a0<\/span><\/span>has<\/span><\/span>\u00a0<\/span><\/span>rejected<\/span><\/span>\u00a0the\u00a0<\/span><\/span>concept<\/span><\/span>\u00a0<\/span><\/span>of<\/span><\/span>\u00a0<\/span><\/span>economic<\/span><\/span>\u00a0<\/span><\/span>decoupling,<\/span><\/span>\u00a0<\/span><\/span>highlighting<\/span><\/span>\u00a0<\/span><\/span>the<\/span><\/span>\u00a0<\/span><\/span>common<\/span><\/span>\u00a0goal\u00a0of\u00a0achieving\u00a0more\u00a0balanced\u00a0<\/span><\/span>trade.<\/span><\/span>\u00a0The\u00a0agreement\u00a0follows\u00a0<\/span><\/span>the<\/span><\/span>\u00a0<\/span><\/span>rise<\/span><\/span>\u00a0<\/span><\/span>in<\/span><\/span>\u00a0economic\u00a0<\/span><\/span>pressure<\/span><\/span>\u00a0and\u00a0appeals\u00a0from\u00a0<\/span><\/span>large<\/span><\/span>\u00a0<\/span><\/span>American<\/span><\/span>\u00a0<\/span><\/span>economists<\/span><\/span>\u00a0<\/span><\/span>warning<\/span><\/span>\u00a0of\u00a0<\/span><\/span>possible<\/span><\/span>\u00a0product<\/span>\u00a0shortages\u00a0due\u00a0to\u00a0the\u00a0ongoing\u00a0tariff\u00a0dispute.<\/span><\/span>\u00a0<\/span>
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<\/span>The<\/span><\/span>\u00a0<\/span><\/span>agreement<\/span><\/span>\u00a0is\u00a0<\/span>temporary,\u00a0<\/span><\/span>but<\/span><\/span>\u00a0<\/span>represents<\/span>\u00a0a\u00a0<\/span><\/span>key<\/span><\/span>\u00a0<\/span><\/span>step<\/span><\/span>\u00a0<\/span><\/span>to<\/span><\/span>\u00a0resolving\u00a0tensions\u00a0that\u00a0<\/span><\/span>have<\/span><\/span>\u00a0<\/span><\/span>been<\/span><\/span>\u00a0<\/span><\/span>tightening<\/span><\/span>\u00a0since\u00a0<\/span><\/span>the<\/span><\/span>\u00a0<\/span><\/span>beginning<\/span><\/span>\u00a0<\/span><\/span>of<\/span><\/span>\u00a0<\/span><\/span>April<\/span><\/span>\u00a0when\u00a0the\u00a0Trump\u00a0administration\u00a0imposed\u00a0Chinese\u00a0goods,\u00a0<\/span><\/span>leading<\/span><\/span>\u00a0<\/span><\/span>to<\/span><\/span>\u00a0<\/span><\/span>mutual<\/span><\/span>\u00a0<\/span><\/span>action<\/span><\/span>\u00a0<\/span><\/span>by<\/span><\/span>\u00a0Beijing.\u00a0The\u00a0Geneva\u00a0<\/span><\/span>speech<\/span><\/span>\u00a0<\/span><\/span>was<\/span><\/span>\u00a0<\/span><\/span>held<\/span><\/span>\u00a0by\u00a0<\/span><\/span>Bescent<\/span><\/span>\u00a0and\u00a0<\/span><\/span>US<\/span><\/span>\u00a0<\/span><\/span>trade<\/span><\/span>\u00a0<\/span><\/span>representative<\/span><\/span>\u00a0Jamieson\u00a0Greer,\u00a0<\/span><\/span>where<\/span><\/span>\u00a0<\/span><\/span>the<\/span><\/span>\u00a0Chinese\u00a0<\/span><\/span>vice<\/span><\/span>\u00a0<\/span><\/span>president<\/span><\/span>\u00a0<\/span><\/span>took<\/span><\/span>\u00a0<\/span><\/span>his<\/span><\/span>\u00a0<\/span><\/span>life.<\/span><\/span>\u00a0<\/span>
<\/span>\u00a0<\/span>
<\/span>The<\/span><\/span>\u00a090-day\u00a0tariff\u00a0reduction\u00a0<\/span><\/span>will<\/span><\/span>\u00a0<\/span><\/span>make<\/span><\/span>\u00a0<\/span><\/span>the<\/span><\/span>\u00a0<\/span><\/span>two<\/span><\/span>\u00a0<\/span><\/span>countries<\/span><\/span>\u00a0<\/span><\/span>an<\/span><\/span>\u00a0<\/span><\/span>important<\/span><\/span>\u00a0window\u00a0<\/span><\/span>into<\/span><\/span>\u00a0a\u00a0more\u00a0<\/span><\/span>lasting<\/span><\/span>\u00a0<\/span><\/span>solution<\/span><\/span>\u00a0to\u00a0<\/span><\/span>differences<\/span><\/span>\u00a0<\/span><\/span>in<\/span><\/span>\u00a0<\/span><\/span>transactions,<\/span><\/span>\u00a0<\/span><\/span>which<\/span><\/span>\u00a0<\/span><\/span>will<\/span><\/span>\u00a0<\/span><\/span>stabilize<\/span><\/span>\u00a0<\/span><\/span>the<\/span><\/span>\u00a0global\u00a0<\/span><\/span>market<\/span><\/span>\u00a0and\u00a0<\/span><\/span>restore<\/span><\/span>\u00a0<\/span><\/span>trust<\/span><\/span>\u00a0<\/span><\/span>between<\/span><\/span>\u00a0investors\u00a0and\u00a0businesses\u00a0worldwide.<\/span><\/span>\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

In\u00a0a\u00a0critical\u00a0step\u00a0towards\u00a0promoting\u00a0trade\u00a0voltage,\u00a0the\u00a0US\u00a0and\u00a0China\u00a0have\u00a0agreed\u00a0to\u00a0significantly\u00a0reduce\u00a0tariffs\u00a0over\u00a0the\u00a0next\u00a090\u00a0days.\u00a0This\u00a0development\u00a0is\u00a0a\u00a0considerable\u00a0step\u00a0towards\u00a0eliminating\u00a0the\u00a0trade\u00a0war\u00a0that\u00a0has\u00a0strained\u00a0global\u00a0markets\u00a0and\u00a0hampered\u00a0supply\u00a0chains.\u00a0\u00a0During\u00a0negotiations\u00a0in\u00a0Geneva,\u00a0the\u00a0US\u00a0promised\u00a0to\u00a0reduce\u00a0tariffs\u00a0on\u00a0Chinese\u00a0goods\u00a0from\u00a0145%\u00a0to\u00a030%,\u00a0while\u00a0China\u00a0agreed\u00a0to\u00a0reduce\u00a0tariffs\u00a0on\u00a0US\u00a0imports\u00a0from\u00a0125%\u00a0to\u00a010%.\u00a0This\u00a0mutual\u00a0concession\u00a0aims\u00a0to\u00a0promote\u00a0a\u00a0more\u00a0balanced\u00a0trade\u00a0relationship\u00a0between\u00a0the\u00a0two\u00a0biggest\u00a0economies\u00a0of\u00a0the\u00a0world.\u00a0\u00a0The\u00a0announcement\u00a0immediately\u00a0had\u00a0a\u00a0positive\u00a0effect\u00a0on\u00a0global\u00a0financial\u00a0markets.\u00a0The\u00a0S&P\u00a0500’s\u00a0future\u00a0rose\u00a02.8%,\u00a0the\u00a0US\u00a0dollar\u00a0rose\u00a00.7%,\u00a0and\u00a0the\u00a0gold\u00a0price\u00a0fell\u00a02.3%.\u00a0US\u00a0Finance\u00a0Minister\u00a0Scott\u00a0Becent\u00a0has\u00a0rejected\u00a0the\u00a0concept\u00a0of\u00a0economic\u00a0decoupling,\u00a0highlighting\u00a0the\u00a0common\u00a0goal\u00a0of\u00a0achieving\u00a0more\u00a0balanced\u00a0trade.\u00a0The\u00a0agreement\u00a0follows\u00a0the\u00a0rise\u00a0in\u00a0economic\u00a0pressure\u00a0and\u00a0appeals\u00a0from\u00a0large\u00a0American\u00a0economists\u00a0warning\u00a0of\u00a0possible\u00a0product\u00a0shortages\u00a0due\u00a0to\u00a0the\u00a0ongoing\u00a0tariff\u00a0dispute.\u00a0\u00a0The\u00a0agreement\u00a0is\u00a0temporary,\u00a0but\u00a0represents\u00a0a\u00a0key\u00a0step\u00a0to\u00a0resolving\u00a0tensions\u00a0that\u00a0have\u00a0been\u00a0tightening\u00a0since\u00a0the\u00a0beginning\u00a0of\u00a0April\u00a0when\u00a0the\u00a0Trump\u00a0administration\u00a0imposed\u00a0Chinese\u00a0goods,\u00a0leading\u00a0to\u00a0mutual\u00a0action\u00a0by\u00a0Beijing.\u00a0The\u00a0Geneva\u00a0speech\u00a0was\u00a0held\u00a0by\u00a0Bescent\u00a0and\u00a0US\u00a0trade\u00a0representative\u00a0Jamieson\u00a0Greer,\u00a0where\u00a0the\u00a0Chinese\u00a0vice\u00a0president\u00a0took\u00a0his\u00a0life.\u00a0\u00a0The\u00a090-day\u00a0tariff\u00a0reduction\u00a0will\u00a0make\u00a0the\u00a0two\u00a0countries\u00a0an\u00a0important\u00a0window\u00a0into\u00a0a\u00a0more\u00a0lasting\u00a0solution\u00a0to\u00a0differences\u00a0in\u00a0transactions,\u00a0which\u00a0will\u00a0stabilize\u00a0the\u00a0global\u00a0market\u00a0and\u00a0restore\u00a0trust\u00a0between\u00a0investors\u00a0and\u00a0businesses\u00a0worldwide.\u00a0<\/p>\n","protected":false},"author":1,"featured_media":186079,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"yes","rop_publish_now_accounts":{"facebook_10221280388112155_325455220908133":"","twitter_917774835383787521_917774835383787521":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[3],"tags":[],"_links":{"self":[{"href":"http:\/\/wardoon.net\/en\/wp-json\/wp\/v2\/posts\/186078"}],"collection":[{"href":"http:\/\/wardoon.net\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/wardoon.net\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/wardoon.net\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/wardoon.net\/en\/wp-json\/wp\/v2\/comments?post=186078"}],"version-history":[{"count":1,"href":"http:\/\/wardoon.net\/en\/wp-json\/wp\/v2\/posts\/186078\/revisions"}],"predecessor-version":[{"id":186080,"href":"http:\/\/wardoon.net\/en\/wp-json\/wp\/v2\/posts\/186078\/revisions\/186080"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/wardoon.net\/en\/wp-json\/wp\/v2\/media\/186079"}],"wp:attachment":[{"href":"http:\/\/wardoon.net\/en\/wp-json\/wp\/v2\/media?parent=186078"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/wardoon.net\/en\/wp-json\/wp\/v2\/categories?post=186078"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/wardoon.net\/en\/wp-json\/wp\/v2\/tags?post=186078"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}