Core Points - The joint statement from the US and China emphasizes the importance of bilateral economic relations for both countries and the global economy [1][2] - Both parties agreed to cancel tariffs imposed since April 2, 2025, due to unilateral tariff increases by the US [1][2] - The US will modify tariffs on Chinese goods, suspending 24% of the tariffs for the first 90 days while retaining 10% [2][3] - China will also adjust its tariffs on US goods similarly, suspending 24% for 90 days and retaining 10% [3] Group 1 - The joint statement highlights the significance of sustainable, long-term, and mutually beneficial economic relations [2] - Both countries believe that ongoing consultations will help address concerns in the economic and trade sectors [2][3] - A mechanism will be established for continued negotiations on economic relations, with representatives from both sides [3] Group 2 - The recent tariff disputes reflect a broader context of US-China economic relations, raising questions about which country is more dependent on the other [4][5] - The complexity of US-China relations leads to differing perspectives on their economic interdependence [5] - Historical context shows that previous trade wars have not significantly reduced trade deficits for the US, and in some cases, have even increased them [9][10] Group 3 - The economic costs of trade tensions have been significant for the US, with estimates indicating a loss of 0.5% of GDP and job losses during peak periods [10][12] - The expectation of a manufacturing return to the US has not materialized, with many US companies continuing to invest in China [12][13] - The notion of "decoupling" from China has been criticized, suggesting it could harm the US's international standing and economic interests [13]
一尘:中美经济,到底谁更需要谁?
Guan Cha Zhe Wang·2025-05-19 00:59