Group 1 - The unilateral high tariffs imposed by the US have negatively impacted global trade and disrupted the US economy [1] - The recent US-China economic talks in Kuala Lumpur resulted in a preliminary consensus on several important trade issues, with both markets responding positively [1][5] - The trade war has no winners, as evidenced by the shift from a 58-year trade surplus in US agricultural products to a significant trade deficit, which reached $36.451 billion by 2024 [1] Group 2 - The US's high tariffs have distorted trade structures and increased agricultural input costs, diminishing the competitiveness of US agricultural products, particularly soybeans [3] - To restore the feasibility of US-China soybean trade, both parties need to lower tariffs, as unilateral concessions are unlikely [3] - China's stance remains firm against the US's unilateral tariffs, advocating for their removal while expressing willingness to respond positively to US efforts towards tariff cancellation [4] Group 3 - The economic talks in Kuala Lumpur reaffirmed that mutual respect and equal negotiation can lead to the resolution of significant trade issues, promoting stability in US-China economic relations [5] - The potential extension of the 24% tariffs and corresponding counter-tariffs could benefit both US and Chinese enterprises and consumers [4][5]