#TariffsPause

Short-term financial market: Positive signals from US-China tensions

In a context where it seemed that US-China trade tensions would escalate again, the global financial market unexpectedly received positive signals.

President Trump has reaffirmed his tough stance: he will not reduce tariffs on Chinese goods unless he receives 'concessions beneficial to the United States.' However, it is noteworthy that China is taking a softer approach. According to Reuters, Beijing is exempting certain imported goods from the US from the extremely high 125% tariffs, a move believed to be aimed at alleviating pressure from the domestic business community.

The Chinese Ministry of Commerce has even set up a special task force to compile a list of goods that may be exempt from tariffs and encourage domestic companies to proactively propose more – indicating an increasingly clear flexibility in trade policy.