久久亚洲国产成人影院-久久亚洲国产的中文-久久亚洲国产高清-久久亚洲国产精品-亚洲图片偷拍自拍-亚洲图色视频

Global EditionASIA 中文雙語Fran?ais
Opinion
Home / Opinion / Chinese Perspectives

China-US trade talks: A new dawn for the world economy

By Xin Ping | chinadaily.com.cn | Updated: 2025-06-09 16:45
Share
Share - WeChat
WANG XIAOYING/CHINA DAILY

The unexpected outcome of China-US trade talk in Geneva sent global markets into jubilation. But questions remain: Why did China, having taken such a firm stance against US tariffs, agree to negotiate with Washington? Did China finally yield in the face of the Tariff Man?

First, it is worth emphasizing again that the talks were initiated by the American side. The dodging answers from US officials and their mumbles, such as "both sides happen to visit Geneva at the same time", are clear clues.

And the answer to the questions ia crystal clear: China agreed to the talks and reached common understandings with the US out of the well-being of businesses and consumers of both countries.

China has openly stated many times that no one wins in a trade war; it only harms the interests of the two peoples as well as the whole world. And it has expressed on multiple occasions the readiness to have trade talks with the US, as long as they are equal, mutually beneficial, and conducted with mutual respect. The firm hand from China was meant to bring the US back to the rule-based trade system.

The imposition of tariffs on Chinese goods harms US businesses and consumers. Statistics from e-commerce analyst SmartScout show that after April 9, prices rose for 930 products on Amazon, with average increases of 29 percent in categories such as apparel, home goods, electronics, and toys. Walmart also warned that it would raise prices due to increased costs from tariffs.

And this is why shortly after the outcome's release, US importers sprang into action, literally "jumping out of bed" to ship backlogged goods from China. In the seven days after the trade "truce" was announced, average bookings for Chinese exports to the US surged 277 percent to 21,530 standard containers.

For the sake of the world

One more reason China agreed to the talks was to avert a potential ripple effect on the entire global economy. In late April, the IMF's World Economic Outlook report revised down its global growth projection for 2025 to 2.8 percent, 0.5 percentage points lower than the January forecast, due to US tariffs and subsequent countermeasures.

By making the US change course, China has injected much-needed predictability into a world economy battered by haphazard tariffs and economic threats from the US. Bilateral economic uncertainties were reduced, international concerns were eased, and dark clouds hanging over the global economy were partly cleared.

On May 12, US, European, the Chinese mainland and Hong Kong stocks all rallied. The Hang Seng Tech Index and the Nasdaq Golden Dragon China Index soared over 5 percent, while all three major US stock indices gained more than 2 percent.

WTO Director-General Ngozi Okonjo-Iweala welcomed the outcome and emphasized its critical importance not only for the two countries but also for the rest of the world, especially the most vulnerable economies.

Setting an example

One interesting perspective is how the Geneva talks will impact the ongoing trade negotiations between the US and other countries.

Indeed, the whole world is watching how China and the US interact. In its handling of the US-initiated tariff war, China has maintained a consistent position: the door is wide open for talks, but if forced to fight, China will see it through till the end. In neither of the two scenarios would the country seek any agreement at the expense of its principles or the cause of international fairness and justice.

China announced its countermeasures immediately after the US provocation, and the measures were proven effective. One month later, pressed domestically and globally, the US had to clarify its stance against "decoupling" with China in Geneva.

This sets an example for other nations negotiating with Washington. And countries are indeed taking note. In early May, Japan publicly stated that it is not in a hurry to conclude a trade deal with the US and will not sacrifice national interests to expedite negotiations. Sabine Weyand, director-general for Trade and Economic Security of the European Commission, urged EU member states to remain calm and resist US pressure for a "quick deal." The bloc is also planning to impose tariffs on 100 billion euros of US goods if negotiations fail.

In the words of Stephen Olson, visiting senior fellow at the ISEAS-Yusof Ishak Institute, the China-US Geneva talks made people realize that Washington has overestimated its leverage, which fundamentally alters the dynamics of negotiations.

A long way to go

Although substantive progress was made, China-US trade negotiations are not yet concluded. The meeting in Geneva demonstrated both sides' willingness to resolve disputes through dialogue. But more sincerity is needed from the American side, as it has yet to fully eliminate all unreasonable tariffs, including tariffs on China under the pretext of fentanyl.

However, should Washington persist in pressuring China for concessions, Beijing would resolutely defend its legitimate interests.

History is on the side of China, as it upholds not just its own interests but also the WTO-centered multilateral trading system.

The author is a commentator on international affairs. The views don't necessarily represent those of China Daily.

If you have a specific expertise, or would like to share your thought about our stories, then send us your writings at opinion@chinadaily.com.cn, and comment@chinadaily.com.cn.

Most Viewed in 24 Hours
Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
主站蜘蛛池模板: 在线播放国产真实女同事 | 欧美另类亚洲一区二区 | 亚洲欧美一区二区三区 | 97超频国产在线公开免费视频 | 美女被免费视频的网站 | 午夜在线观看cao | 成人性毛片| 欧美一级视频在线观看 | 日韩精品亚洲一级在线观看 | 在线成人 | 一级待一黄aaa大片在线还看 | 国产成人精品三区 | 99精品热女视频专线 | 日本成人免费在线视频 | 久久精品国产一区二区 | 国产一区私人高清影院 | 国产精品久久成人影院 | 成人在线观看不卡 | 99久久精品免费看国产免费 | 久青草国产手机在线观 | 国产欧美视频在线观看 | 99国产在线 | 在线观看久草 | 中国一级毛片特级毛片 | 国产第三区 | 在线观看日本亚洲一区 | 日韩精品网址 | japanesetubesexfree| 免费观看成人久久网免费观看 | 国产特黄特色的大片观看免费视频 | 欧美另类视频一区二区三区 | 澳门一级毛片手机在线看 | 日韩欧美成末人一区二区三区 | 日韩亚洲一区中文字幕在线 | 日韩在线视频中文字幕 | 日韩欧美一区二区在线 | 中文字幕乱码系列免费 | 亚洲免费成人 | 99草精品视频 | 日韩欧美中文字幕在线视频 | 男女男精品视频在线播放 |