The U.S. and China have reached a significant breakthrough in trade, with both countries agreeing to eliminate up to 91% of their respective tariffs. The United States will reduce some tariffs from 145% to 30%, while China will lower some tariffs from 125% to 10%.
In light of Trump's unpredictable trade policies from 2018 to 2020, the Chinese side particularly emphasizes the long-term stability of the agreement, stating, "This agreement remains effective and will not be suspended due to changes in government," and demands that the terms of the agreement be legalized.
At the same time, the Chinese side focuses on guiding public opinion. After the joint statement was released, it was quickly disseminated through official media and social platforms to prompt timely reporting by foreign media. Following the news on May 12, the Chinese side held a strategic meeting on the management of mineral resources to establish a "controllable external dependence" system and strengthen comprehensive control over the entire mineral resource supply chain.
In this negotiation, the United States still retains a 20% tariff imposed due to the "fentanyl issue." Although the U.S.-China economic and trade relationship may ease in the short term due to tariff reductions, deeper structural issues still need to be resolved through dialogue and coordination. The Chinese side's initiative in strategic resources and public opinion guidance is an important asset in the global game.