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China lifts sanctions on EU members amid Trump's tariff war
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2025-05-12 04:40:11
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Progress in US-China Tariff Negotiations
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Recent tariff talks between China and the USA in Geneva have yielded significant agreements. Both nations established a consultation mechanism focused on economic and trade issues, marking a constructive step toward resolving ongoing disputes.
This dialogue reflects a mutual recognition of the unsustainable nature of extreme tariffs. Economists suggest that a rollback to previous tariff levels could serve as a viable starting point for negotiations.
Furthermore, China's willingness to foster trade relations with the USA aims to enhance global economic stability. As both superpowers navigate these complex discussions, they appear committed to avoiding further economic repercussions.
A joint statement detailing these agreements is anticipated soon, signaling a potential shift in the trade landscape.
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China Sees Consensus Reached After Tariff Talks with the USA
According to the Chinese delegation, China and the USA have reached a "number of important agreements" during their tariff talks. Both sides agreed to establish a mechanism for consultations on economy and trade. Both sides described the talks as "open and constructive" and see them as an important step toward resolving differences through dialogue. China is ready to advance trade relations with the USA for new development to bring more stability to the world economy.
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Exclusive | As unswerving superpowers meet unsustainable tariffs, Yao Yang breaks down the paradox
Yao Yang, a prominent Chinese economist, discusses the ongoing US-China trade war. He believes a deal is likely, as both sides recognize the unsustainability of the current extreme tariffs. Yao suggests a rollback to the original 34% tariff level as a realistic first step, and notes the US may also demand that China purchase more American goods as part of any negotiation. Overall, Yao sees a high likelihood of a deal being reached, as both superpowers seek to return to the negotiating table and..
Frankfurter Rundschau
China Sees Consensus Reached After Tariff Talks with the USA
China and the USA have reportedly reached a number of important agreements during their tariff talks in Geneva. They agreed to establish a mechanism for consultations on economy and trade. Both sides described the talks as constructive and see them as an important step towards resolving differences through dialogue. A joint statement is expected to be released on Monday, providing further details.
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