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

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

President Trump has just reaffirmed a tough stance: he will not reduce taxes on Chinese goods without receiving "concessions beneficial to the US." However, it is noteworthy that China is taking a softer approach. According to Reuters, Beijing is exempting some imported goods from the US from the extremely high 125% tariff, a move believed to alleviate pressure from the domestic business community.

The Chinese Ministry of Commerce has even established a special task force to compile a list of goods that could be exempted from tariffs and encourages domestic companies to proactively propose additional items – indicating an increasingly evident flexibility in trade policy.