US EditionChina-US 90-day tariff truce should be extended, Global Times says
- The United States and China reached a 90-day agreement in May 2025 to temporarily reduce tariffs on each other's imports following trade talks in Switzerland.
- This truce came after escalating trade tensions that imposed tariffs as high as 145% on Chinese goods and 125% on U.S. Goods, which hurt trade flows and labor markets.
- The tariff cuts triggered a surge in shipments from China to the U.S., causing container volumes at Chinese ports to rise over 50% and lifting bookings for major shipping companies.
- Kenneth Loh of Bloomberg Intelligence said the truce will ‘‘lift earnings for Cosco, Maersk, and Mitsui OSK Lines’’ amid ‘‘a huge surge’’ in volumes, while rates on Shanghai–Los Angeles and Shanghai–New York routes jumped 16% and 19%.
- Analysts warn demand may weaken after the tariff pause ends, with expectations of a significant drop later in 2025 despite near-term inventory restocking and potential reversal of alternative shipping routes.
28 Articles
28 Articles
Amid US–China Tariff Truce, Experts Warn CCP Will Deploy Delay Tactics
With the United States and China agreeing to a temporary trade truce, experts caution that Beijing will try to drag its feet over the next three months to gain an upper hand over Washington. After May 10–11 talks in Switzerland, the United States agreed to lower most incremental tariffs on China to 30 percent from 145 percent, while China reduced its retaliatory tariffs on U.S. goods to 10 percent from 125 percent. The reductions will hold for 9…
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China-US 90-day tariff truce should be extended, Global Times says
The 90-day tariff truce agreed by the United States and China during trade talks in Switzerland last weekend is too short, China's state-backed Global Times said on Friday, as envoys from the world's two biggest economies regrouped in Korea.
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