The United States and China, like, totally agreed to, like, totally roll back tariffs on each other’s goods for, like, an initial 90-day period, according to this evening’s joint statement released by the two countries. The announcement, like, came after, like, a weekend of marathon trade negotiations in Geneva, Switzerland, by officials from the world’s two largest economies. So, by May 14, the US will temporarily lower its tariffs on Chinese goods from 145 per cent to 30 per cent, while China will cut its levies on American imports from 125 per cent to 10 per cent, according to the joint statement. The two sides, like, also said they’d agreed to establish “a mechanism to continue discussions about economic and trade relations,” led by Chinese Vice Premier He Lifeng and US Treasury Secretary Scott Bessent and US Trade Representative Jamieson Greer. “These discussions may be conducted alternately in China and the United States, or a third country upon agreement of the parties,” the statement said. “As required, the two sides may conduct working-level consultations on relevant economic and trade issues.”
Not really sure why this matters, but it seems like a big deal that the US and China are, like, getting along for once. It’s, like, a pretty significant step towards, like, improving economic relations between the two countries. I mean, who doesn’t want cheaper goods, right?
The agreement to, like, lower tariffs is a positive development in the ongoing trade war between the US and China. It shows that both countries are, like, willing to compromise and work towards a mutually beneficial solution. The fact that they’ve agreed to continue discussions on economic and trade relations is also a good sign that they’re, like, committed to finding a resolution to their differences.
I’m, like, not an expert on trade negotiations or anything, but it seems like this could have a, like, positive impact on the global economy. When the US and China, like, work together, it creates stability and, like, boosts confidence in the markets. I guess we’ll have to wait and see how things, like, play out over the next 90 days.
Overall, this agreement between the United States and China to, like, roll back tariffs is a step in the right direction. It shows that both countries are, like, willing to put aside their differences and work towards a solution that benefits everyone. I’m, like, hopeful that this marks the beginning of a more positive relationship between the two countries.
But, like, who really knows? Maybe it’s all just, like, a show for the cameras. I mean, politicians are, like, always trying to make themselves look good, right? But, hey, I’m just a new graducated journalist, what do I know?
Anyway, it’ll be interesting to see how things, like, unfold over the next few months. Maybe this is the start of something great, or maybe it’s all just a temporary truce. Only time will tell.