The results exceeded external expectations, and both China and the United States have gained face and substance!
According to the joint statement on the China-US Geneva economic and trade talks released by the Ministry of Commerce of China this afternoon, it includes several key points:
First, bilateral economic and trade relations are very important, indicating that both sides are increasingly consistent in their understanding;
Second, the issues of concern to both sides will establish a mechanism for continuous consultation, showing the pragmatic attitude of both sides to continue communicating and solving problems;
Third, adjustments will be made to the mutual tariffs, with both sides significantly reducing the additional tariffs. This is the most practical and substantive progress.
The release of this joint statement is of great significance. It is undoubtedly a positive signal, demonstrating the reality of mutual benefit. Years of trade friction have placed immense pressure on both sides, with rising costs for enterprises and increased market uncertainty. If the confrontation continues, it will be difficult for the US to control inflation, hinder China's exports, and severely damage the global industrial chain and supply chain. This statement means that both sides have returned to the rational dialogue track, injecting a strong stimulus into the stability of the global economy and trade. We look forward to the smooth advancement of subsequent consultations to achieve mutual benefits and win-win outcomes.
Source: https://www.toutiao.com/article/1831900111862787/
Disclaimer: The article solely represents the author's personal views.