China

Chinese officials, state media, and influencers on Monday hailed the newly reached trade agreement with the United States as a clear triumph for China — a sign that a firm and confident stance truly pays off.
🔹 In Geneva, both powers agreed to a 90-day pause on new tariffs, a move that had an immediate impact on global markets and was interpreted by Beijing as proof of diplomatic strength.

📉 Tariffs Reduced, Tensions Eased
According to CNBC, a social media account linked to China's national broadcaster CCTV declared:

"China’s firm countermeasures and resolute stance have proven to be highly effective."
🔹 The U.S. will reduce tariffs on Chinese goods from a peak of 145% to 30%.

🔹 China is lowering tariffs on American products from 125% to just 10%.
The hashtag #USChinaSuspending24%TariffsWithin90Days began trending on Weibo, amassing over 420 million views by Monday afternoon. One user wrote:

"Our ancestors never gave in. Why should we?"

Thousands of likes echoed a sentiment of national pride and resilience.

⚙️ Tariff Relief, But Resource Control Stays Firm
While China is easing tariffs, it is not loosening its grip on key strategic resources, especially rare earth elements vital to U.S. industries. The government has also offered early tariff relief to some companies — even before the deal officially takes effect.
🔹 Both countries agreed to establish a consultation mechanism to promote ongoing dialogue on trade and currency matters.

🔹 Beijing also promised to review and potentially suspend certain non-tariff measures, including strict export controls on rare minerals.
At the same time, China’s Ministry of Commerce emphasized its intent to continue cracking down on smuggling of rare earths, partly blaming "foreign entities" for the current market instability.

📈 Global Markets React Positively
Stock markets surged on the news of the agreement, as investors welcomed a temporary break in the economic tensions between the world’s two largest economies.
Chinese diplomats emphasized that they never wavered during negotiations. Before the Geneva meetings, Foreign Ministry spokesperson Lin Jian stated:

"We will steadfastly defend our legitimate interests and uphold international fairness."
The Ministry of Commerce later called the agreement an "important milestone", but also urged Washington to fully end its unilateral tariff practices.

Washington Calls It a Historic Victory Too
The American side also presented the agreement as a win. U.S. Treasury Secretary Scott Bessent told CNBC that both nations plan to meet again in the coming weeks to work toward a more comprehensive deal.
According to Rory Green of TS Lombard, the agreement resonates especially strongly within China:

"This is widely seen as a big win in China. The U.S. is viewed as a 'paper tiger,' and Xi has successfully forced Washington to treat China as an equal."
Green added that 20% tariffs on fentanyl are likely to be removed soon, pointing to China’s efforts to strengthen drug enforcement.

⚠️ But Challenges Remain
Despite the progress, new risks are emerging. Washington continues to push for sector-specific tariffs on semiconductors, pharmaceuticals, and other high-tech industries — all critical to China’s long-term development strategy.
Analysts warn that rolling back these high-tech tariffs will be far more complex and politically sensitive than the current round of reductions.

#usa , #china , #TradeWars , #globaleconomy , #Geopolitics

Stay one step ahead – follow our profile and stay informed about everything important in the world of cryptocurrencies!
Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“