高盛：中国思考-关税变动，回归 “解放日” 前的基本假设情形

14 May 2025 | 10:39PM HKT Tariff turnover; reverting to our pre-Liberation Day base case Kinger Lau, CFA +852-2978-1224 | kinger.lau@gs.com Goldman Sachs (Asia) L.L.C. China Musings 1. After the two-day trade talks in Switzerland over the past weekend, on May 12, the US and China announced a 90-day pause in retaliatory tariffs imposed in April. The effective US tariff rate on Chinese goods will be lowered from 107% to 39% starting May 14, whereas the import levy from the US to China will be cut to 30% from ...