花旗：中国经济-中美 1.5 阶段协议好于预期

12 May 2025 05:04:38 ET │ 9 pages Flash | China Economics US-China Phase 1.5 Deal Much Better than Expected CITI'S TAKE The US-China tariff reductions have come in even bigger than our bullish expectations. The US's effective tariff on China has been lowered to 38.6%, per our estimates, back to the non-prohibitive days. Looking ahead, the 20% Fentanyl tariff could be a low-hanging fruit for further reduction, in our view, and its rollback could further remove the external hurdle for the Chinese economy. The ...