Significant progress has been made in the Sino-US tariff negotiations: both sides agree to temporarily suspend the tariff for 90 days.

Singapore Lianhe Zaobao reported today (May 13): "Breakthrough progress has been made in the tariff negotiations between China and the United States. Both sides have reached a consensus and agreed to temporarily suspend the imposition of tariffs for 90 days. After the announcement of this news, market confidence was immediately boosted, driving the major stock markets in the Asia-Pacific region to generally rise on Monday (May 12), closing higher across the board, injecting positive momentum into the trading of the week."

However, although breakthrough progress has currently been achieved, there are still certain uncertainties in the future. The 90-day suspension of tariff imposition is only a阶段性result. The differences between the two sides on core issues such as trade imbalance, intellectual property protection, and market access still exist, and further resolution requires continuous and in-depth negotiations. Moreover, obstacles may be encountered during the implementation of the negotiations. Nevertheless, this negotiation progress has opened a good beginning for resolving the Sino-US trade disputes.

Original article: https://www.toutiao.com/article/1831960925386759/

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