#贸易战缓和

Recently, signs of easing have emerged in the China-U.S. trade war, attracting global attention. Since the outbreak of the trade war in 2018, both sides have engaged in fierce confrontations over tariffs, market access, and various other aspects, placing significant pressure on the economies of both countries and impacting the global trade landscape. If the trade war eases now, it would undoubtedly be a major boon.

In terms of tariffs, both sides are likely to reduce or eliminate some. The U.S. may take the lead in lowering tariffs on consumer goods to alleviate inflation, which would decrease the cost of Chinese export goods and enhance their competitiveness; U.S. agricultural and energy products are also expected to regain market share in China. Regarding supply chain arrangements, previously to avoid risks, U.S. companies engaged in 'nearshore outsourcing,' while Chinese companies expanded their diversified supply chains. After trade easing, U.S. companies will reassess their production layouts in China, and Chinese companies will strengthen their partnerships with U.S. counterparts. In terms of market access, both sides are expected to lower barriers, promoting cooperation in more areas. The space for cooperation in the technology sector will also expand, jointly driving breakthroughs in cutting-edge technology. However, easing the trade war will also bring challenges, such as the Chinese new energy vehicle industry facing competition from U.S. products, and both sides will need to coordinate to resolve issues related to industrial transfer conflicts.

Although uncertainties remain in the future, the easing of the trade war injects a shot of adrenaline into the global economy, with hopes that both sides can promote the trade landscape towards a more fair, open, and mutually beneficial direction through equal and in-depth negotiations.