#贸易战缓和

As of May 12, 2025, the high-level trade negotiations held between China and the United States in Geneva have made substantial progress, bringing hope to ease the long-standing trade war situation. 

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🛃 Major Achievements and Consensus

• Establishment of Economic and Trade Consultation Mechanism: Both sides agreed to set up a new "Economic and Trade Consultation Mechanism" to promote ongoing dialogue and prevent future trade frictions from escalating. 

• Tariff Adjustment Intent: The United States indicated that it is considering reducing tariffs on Chinese goods from a maximum of 145% to 80% as a measure to alleviate trade tensions. 

• Commitment to Open Chinese Market: China stated that both sides have reached an "important consensus" and emphasized its willingness to further open the market, especially in agriculture and manufacturing sectors. 

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📈 Market Reaction and Economic Impact

• Financial Market Response: Influenced by the news of the negotiation progress, global stock markets rose, U.S. stock index futures increased, and the U.S. dollar strengthened against safe-haven currencies, indicating investors' optimistic attitude towards alleviating trade tensions. 

• Improvement in Global Economic Outlook: Analysts pointed out that both sides are seeking balance amid supply chain issues and economic growth pressures, and this negotiation could serve as a model for other countries' trade negotiations with the United States, helping to promote global trade stability. 

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🔍 Follow-up Outlook

• Joint Statement Release: Both sides are expected to release a joint statement on May 12, detailing the negotiation results and future cooperation directions. 

• Ongoing Consultation and Cooperation: Both sides stated that they will continue subsequent negotiations, deepen economic and trade cooperation, and address remaining disputes.