Global financial markets are waiting with bated breath! Trump has recently said that China and the United States will launch a landmark trade negotiation this weekend. He confidently hinted that the high tariffs imposed by the United States on Chinese goods have hit the ceiling and will only be reduced in the future. The former president said confidently: "There is no room for tariffs to rise, and the next step is to reduce them. I believe that China-US relations will usher in a new chapter of cooperation."
According to official Chinese news, at the request of the US side, high-level officials from the economic and trade fields of China and the US will meet in Switzerland from May 9 to 12 to hold talks with US Treasury Secretary Janet Yellen.
In a response on the 8th, a spokesperson for China's Ministry of Commerce pointed out that if the United States is sincere in resolving the issue through negotiations, it must face up to the serious impact of its unilateral tariff increase on itself and the global economy. In actual actions, the United States needs to show its sincerity in abandoning its wrong practices and canceling unilateral tariffs.
The spokesperson stressed: "If the United States continues to try to use negotiations as a cover to continue to use threats, China will never compromise, let alone give up its principled position in order to reach an agreement, which would violate international fairness and justice."
At the same time, according to Singapore (Lianhe Zaobao), the White House is negotiating with other major trading partners on a "reciprocal tariff" policy. However, Trump and his economic and trade team seemed confused in their statements on the progress of the negotiations, making it difficult for the outside world to understand.
Focus Analysis: Why is this negotiation so much attention?
• Economic impact: As the world’s first and second largest economies, any changes in their trade policies affect the global economy. Tariff adjustments will not only affect companies and consumers in both countries, but may also lead to the reshaping of the global industrial chain and supply chain.
• Market expectations: The tariff reduction signal released by Trump has brought a hint of optimism to the market. If the negotiations go smoothly, the capital market may usher in a wave of rising prices.
• International relations: This negotiation is an important interaction between China and the United States in the economic and trade field, and its results will have a profound impact on the future direction of relations between the two countries.
The deeper meaning behind this move: What is Trump trying to do?
Trump's decision to release a tariff reduction signal at this point in time may have many considerations. On the one hand, domestic inflation pressure in the United States remains high, and reducing tariffs may help ease the price pressure of imported goods and reduce the burden on domestic consumers and companies. On the other hand, Trump may hope to repair relations with China and pave the way for future economic and trade cooperation.
How do we respond?
For China, no matter what the outcome of the negotiations is, it should be fully prepared. On the one hand, it should stand firm at the negotiation table and resolutely safeguard its national interests and dignity. On the other hand, it should also seek cooperation opportunities with an open attitude and strive for a more advantageous position in the global trade pattern.
In short, the upcoming China-US trade negotiations are full of uncertainties, but also contain huge opportunities. The direction of the global economy may depend to a large extent on the results of these negotiations. Let us wait and see!
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