《中美日内瓦经贸会谈联合声明》点评：有理有利有节

Core Viewpoints - The recent high-level economic and trade talks between China and the US in Geneva resulted in a constructive agreement, with both sides committing to establish a consultation mechanism and significantly reducing bilateral tariff levels [1][2][3]. Tariff Adjustments - The US will modify tariffs on Chinese goods, including a 24% tariff that will be suspended for the first 90 days, while retaining a 10% tariff. Additionally, tariffs imposed under two other executive orders will be canceled. In response, China will similarly suspend a 24% tariff on US goods for 90 days and cancel other tariffs [2]. Pragmatic Approach - The report indicates that both countries are returning to a pragmatic approach in trade negotiations, with the US showing signs of easing trade protection policies due to internal economic pressures, including a significant debt maturity in June 2025 [3][4]. Future Negotiation Progress - Both parties will establish a mechanism for ongoing negotiations regarding economic and trade relations, with representatives from both sides set to engage in further discussions. Historical context suggests that multiple rounds of negotiations may be necessary to resolve outstanding issues [4]. Export Market Diversification - Data from the General Administration of Customs indicates that China's exports to countries involved in the Belt and Road Initiative increased by 7.2% year-on-year in Q1, while exports to the US decreased by approximately 21% in April. This reflects a declining dependency on the US market and a shift towards a more diversified export strategy [5].