Central media publishes article: Rationally view the results of the China-U.S. Geneva economic and trade talks

Recently, teams from China and the United States held equal consultations in Geneva, Switzerland, regarding the U.S. policy of imposing "reciprocal tariffs" globally and the irrationally high tariffs imposed on China. The Chinese side has logically rebutted the destructive impact of the U.S. tariff imposition on global economic trade and insisted that the U.S. should completely cancel all unreasonable tariffs.

The joint statement released on May 12 shows that the U.S. has committed to quickly canceling 91% of the irrationally high tariffs imposed on China on April 8 and 9, while delaying 24% of the so-called "reciprocal tariffs" by 90 days, allowing for a buffer period for the next round of China-U.S. economic and trade negotiations.

Public opinion generally believes that China has achieved positive results in the tariff war with the U.S. In the face of U.S. bullying and irrational actions, China has taken strong countermeasures with the attitude of a responsible major power, which should be positively affirmed. However, we should also be aware that the China-U.S. trade conflict has not ended, and the subsequent economic and trade negotiations will undoubtedly be complex and difficult, which we must recognize clearly.

After the U.S. imposed so-called "reciprocal tariffs" globally, the domestic political and economic situation in the U.S. has undergone significant changes. Firstly, U.S. consumers are struggling to bear the impact of rising prices and shortages of goods, and the U.S. tariff policy has faced opposition and resistance from American business giants, with significant divisions even emerging within the U.S. government team. Secondly, there have been noticeable negative changes in U.S. economic indicators, with warnings of economic recession and potential stagflation indicating the seriousness of the tariff issue.

What is even more troubling for the U.S. is that if losses are not curtailed in a timely manner, a significant decline in U.S. economic indicators in the second quarter could make it too late to make a decision to stop losses in the third quarter. If the U.S. economy experiences a recession in the first year of the new government's term, it will affect the midterm elections. From this perspective, it is possible that the U.S. may adopt a delaying tactic to stop economic losses. Once the internal political and economic contradictions in the U.S. ease, the threat of U.S. tariffs may resurface.

From the perspective of the long-term and complexity of the struggle against the U.S., we should not only be fully prepared for negotiations with the U.S. but also be ready for a long-term struggle. Our true confidence in the struggle against the U.S. comes from the prosperous development of the domestic economy. By continuing to work hard to stabilize employment, businesses, markets, and expectations, we can enhance our confidence and strength in the struggle against the U.S.

This article is reproduced from China Economic Net, original author: Fu Zhongming, original title: "Rationally Viewing the Results of the China-U.S. Geneva Economic and Trade Talks"

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