#中美贸易谈判 The China-US trade negotiations have significant implications for the economic direction of both countries and the global economy. Recently, the Geneva negotiations have made remarkable progress by eliminating 91% of tariffs, setting a 90-day pause period, establishing a consultation mechanism, and easing tensions, which injects stability expectations into the global industrial and supply chains. However, challenges remain ahead, including the retention of some tariffs, potential changes in future policies, and domestic political interference in the United States. Continued attention to the progress of negotiations is necessary.