United States and China have announced The suspension for at least 90 days, from a part of the tariffs That the president of the United States, Donald Trump, imposed levies to most countries in the world, had been applied on April 2.
As reported in a joint statement, since May 14 and during an “initial period” of 90 days, the United States will suspend reciprocal tariffs on China imports, which They will be taxed by 30%, instead of 145%.
On the other hand, China also suspends the tariffs that it imposed as a response to this measure, so that US imports will have A 10% tariff rate compared to 125%.
The fentanyl tariff “goes on its own path”
“All It has been reduced from 115% to 10% Each “explained the United States commercial representative Jamieson Greer, after members of the government teams of both countries have been gathered throughout the weekend in Geneva (Switzerland).
As for the tariff imposed by the United States to China of 20% related to fentanyl, Greer has indicated that “it is on its own path, But on a very positive path“
Washington and Beijing have also confirmed that The conversations between them will continue. The Chinese representative will be He Lifeng, the Deputy Prime Minister of the State Council, while from the United States they will negotiate Scott Besent, the secretary of the Treasury, and Jamieson Greer, the commercial representative.
They have also detailed that the next meetings can be held in China, in the United States or in a third country, as necessary. They have also stressed the importance of the bilateral economic and commercial relationship for both and for the world: “We want to trade. We want a more balanced trade. And I think that Both parties are compromised To achieve it “he added Besent sentenced.
The United States wants to “avoid” another commercial climb, according to Besent
From this 90 -day truce, the two countries hope to maintain more technical negotiations not only on tariff issues, also On other measures that hinder trade, specifically from the Chinese part, according to Besent: “None of the parties wants a decoupling (of commerce) and what has happened with tariffs so high equals an embargo, and nobody wants this.”
In the same way, he has positively valued this agreement and highlighted China’s will and mutual respect. He also stated that the will of the United States is to “avoid” another commercial escalation: “United States will continue to work for a strategic balance in several areas.”
The bags have opened with increases
The world’s bags have reacted to this positive agreement. At the opening, the main European stock markets have risen between 0.5% and 1.6%, While the Euro Stoxx 50 index, which brings together the largest listed in the old continent, has risen 1.7%.
For its part, In Asia the main markets have closed with a riseespecially Hong Kong, which has advanced up to 2.98%, while Shangái and Shenzhen have regained up to 0.82% and 1.72% respectively.
