The talks between China and the US in Geneva have made substantial progress and reached important consensuses.

Singapore Lianhe Zaobao reported today (May 12) that "both China and the United States stated that the two-day talks held in Geneva, Switzerland, have made 'substantial progress'. Chinese officials said that both sides have reached an 'important consensus' and agreed to establish a Sino-US economic and trade consultation mechanism."

[Smart] Comment: Guess what will be included in the joint statement of China and the United States later today: 1. The resumption of trade between China and the United States; 2. China resumes exports of some rare earths to the United States (not all); 3. Some cooperation has been reached on fentanyl; 4. Both sides suspend reciprocal tariffs for 180 days. During this period, both sides will slowly negotiate and gradually compete.

Original article: https://www.toutiao.com/article/1831869923417092/

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