🇨🇳 China Declares Trade Deal with U.S. a Major Win
China is celebrating what it sees as a landmark trade victory after two days of high-level talks in Geneva led to a 90-day freeze on new tariffs and major tariff rollbacks from both sides.
🔹 Tariff Reductions Announced
U.S. tariffs on Chinese goods cut from 145% to 30%
China lowers tariffs on U.S. goods from 125% to 10%
The agreement was met with widespread praise in China. The hashtag #USChinaSuspending24%TariffsWithin90Days trended on Weibo, hitting over 420 million views, with users expressing national pride.
🔹 Strategic Resources Still Off-Limits
While easing tariffs, China remains firm on rare earth exports, critical to U.S. industries. Beijing promised early tariff relief for some firms but continues to enforce tight control over its resources.
🔹 Ongoing Dialogue
Both sides agreed to set up a consultation mechanism for future trade and currency talks. China will also review certain non-tariff barriers and export restrictions.
📈 Markets React Positively
Global markets jumped following the announcement, signaling investor optimism over reduced U.S.-China trade tensions.
📢 Both Sides Claim Victory
China calls it an “important milestone” and proof of its firm negotiation stance, while U.S. Treasury Secretary Scott Bessent labeled it a historic step forward, with more talks expected soon.
⚠️ Challenges Ahead
The U.S. is still targeting high-tech sectors like semiconductors and pharmaceuticals. Experts say removing those tariffs will be far more complicated and politically sensitive.
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