China’s officials, state media, and online influencers are celebrating 🥳 after a major trade breakthrough with the U.S. was announced Monday. The 90-day pause ⏳ on new tariffs, finalized in Geneva 🇨🇭, is being hailed as a strategic win for Beijing.
📣 A post by CCTV’s social media account declared:
💬 “China’s firm countermeasures and unwavering resolve have proven highly effective.”
🔁 Tariffs Rolled Back
📉 The Trump-era tariffs on Chinese goods—once as high as 145%—will now drop to 30%.
📦 In return, China will slash most tariffs on U.S. imports from 125% to just 10%.
📲 The deal exploded on Chinese social media:
🔖 Hashtag “#USChinaSuspending24%TariffsWithin90Days” hit 420 million views on Weibo!
One user, Chun Feng Yi Ran, stirred patriotic pride:
💬 “Our ancestors didn’t cave in. Why should we give up what we have?”
👍 Thousands agreed with likes pouring in.
🌍 China Sends Mixed Signals on Rare Earths
🧪 Rare earth minerals—vital to high-tech industries—remain tightly controlled.
Beijing promised to ease export restrictions but still pledged a crackdown on smuggling, partly blaming “foreign entities” 🌐 for market instability.
🔧 At home, China is offering tariff relief to selected firms and promised to remove some non-tariff barriers to keep trade flowing smoothly.
📈 Global Markets Cheer the Deal
💹 Investors welcomed the news with open arms. Markets surged as fears of prolonged economic friction eased.
🗣️ China’s Foreign Ministry reaffirmed its hard-line stance:
💬 “We will resolutely safeguard our legitimate interests and uphold fairness.”
📜 The Commerce Ministry called the agreement an “important step,” while nudging Washington to completely drop its “unilateral tariffs.”
🏆 "China Stood Tall" — Analysts
📊 Rory Green of TS Lombard noted:
💬 “This is seen as a big win at home. China retaliated, stayed firm, and got the U.S. to negotiate in a third country. That’s powerful.”
Green also predicts a quick removal of fentanyl-related tariffs 🚫💊, citing China’s increased drug control efforts.
⚠️ But New Challenges Lie Ahead…
💡 The U.S. is still moving forward with sector-specific tariffs on semiconductors, pharmaceuticals, and advanced tech—critical to China’s future ambitions.
🧠 Analysts warn these tech-focused restrictions could be tougher to unwind 🔧.
📅 Both sides are expected to meet again in the coming weeks to work toward a “more fulsome agreement,” according to U.S. Treasury Secretary Scott Bessent. Stay tuned! 🎯