After 139 days, the US and China talk again. Will this call ease tariffs?

During this call, the Chinese side pointed out that the Chinese people have always emphasized keeping their word and taking action. Since the two sides have reached a consensus, they should both earnestly abide by it. Since the Geneva talks, China has always adhered to a serious and responsible attitude and earnestly implemented relevant agreements. The US should also objectively and rationally view the progress made so far and withdraw a series of negative measures previously imposed on China. In addition, the two sides should actively increase exchanges and interactions in various fields such as diplomacy, economy and trade, military, and law enforcement, so as to continuously enhance consensus, reduce misunderstandings, and further strengthen cooperation.

Prior to this call between China and the United States, important consensus had been reached in the Sino-US economic and trade talks in Geneva, significantly reducing the level of bilateral tariffs. The US canceled 91% of the additional tariffs and suspended the implementation of 24% of the 'reciprocal tariffs'; China also correspondingly canceled 91% of the retaliatory tariffs and suspended the implementation of 24% of the retaliatory tariffs. Both sides retained 10% of the tariffs, which temporarily eased the tariff war. However, it is still necessary to pay attention to whether the US will fully implement the agreement, and the direction of tariff policies after the 90-day suspension period.