145% Tariff Ignites High-Level Talks Between China and the U.S.! Is a Turning Point for the Global Market Coming?

In May, according to reports from the official WeChat account of Crypto King, China and the U.S. are set to restart high-level trade talks in Switzerland from May 9 to 12, marking the first time both sides have sat down at the negotiation table since the U.S. imposed an unprecedented 145% tariff on Chinese products in February.

The talks will be led by U.S. Treasury Secretary Scott Basset and senior Chinese officials, and are seen as a critical opportunity to reverse the trend of tariff escalation and reshape the global supply chain. Since the tariff increase, American companies have faced immense pressure, prompting a reevaluation of their procurement and investment strategies. Although key products like semiconductors have been exempted, overall market confidence remains shaky.

Basset stated, "This meeting is a key step in breaking the current economic stalemate." The industry generally hopes that this dialogue in Switzerland can replicate the miraculous easing seen after the 2018 trade war, injecting stability into the global market and ending the turmoil.