Group 1 - The recent US-China high-level trade talks concluded in Geneva, resulting in a joint statement that has significant implications for global markets [1] - The joint statement indicated that the US will cancel 91% of additional tariffs, while China will reciprocate by canceling 91% of its counter-tariffs [1] - The US has also suspended the implementation of a 24% "reciprocal tariff," with China doing the same in response [1] Group 2 - Companies are adopting a cautious approach, recognizing the complexities and uncertainties of international trade, and are focusing on diversifying their trade channels [1][2] - Silver Phoenix Company reported that despite recent tariff challenges, they retained 10% of their US customers due to the irreplaceability of their products [2] - The company is enhancing customer loyalty through improved service and is planning to accelerate its expansion into both domestic and international markets [2] Group 3 - Xingye Ceramics expressed relief following the joint statement but remains cautious, emphasizing the need to monitor customer feedback and manage inventory effectively [3] - The company has shifted focus towards the domestic market, achieving significant sales through e-commerce partnerships, which has bolstered their confidence [3] - A multi-market and multi-channel strategy is seen as essential for better risk management and addressing challenges in the current trade environment [3]