政府新闻
为何中美新的“90天窗口期”广受好评 2025-08-13
On August 12, under intense global attention, China and the US each announced that they would extend the suspension of reciprocal 24 percent tariffs for an additional period of 90 days, while retaining the remaining additional ad valorem rate of 10 percent on those articles. The Joint Statement on China-US Economic and Trade Meeting in Stockholm made clear that this is a consensus recalling the Geneva Joint Statement in May, as well as their meetings in London in June, and in Stockholm in July. International markets responded positively, with Asia-Pacific stock markets and crude oil futures prices rising accordingly. This shows that China and the US are managing differences and expanding cooperation in an equal, pragmatic and constructive way, further stabilizing bilateral economic and trade relations. This meets the expectations of the international community and aligns with the trend of the times.Guided by the important consensus reached by the two presidents during their phone call on June 5, the economic and trade teams from both sides have used dialogue to stabilize expectations and mechanisms to control risks, essentially achieving a "soft landing" for the risk of a trade war between the world's two largest economies. In particular, both sides have reached a consensus recognizing that the two countries are neither able to "decouple" nor should they fall into a state of trade embargo. After the Geneva talks, China and the US sharply reduced bilateral tariff levels and established the first "90-day window period." Following the London talks, the two sides mutually relaxed or removed some restrictive measures. After the Stockholm talks, existing measures were extended for another 90 days as scheduled.
This series of outcomes shows that China-US dialogue and cooperation are the only correct choices. Since the two countries have different national conditions and differing demands, developing a plan to resolve trade disputes undoubtedly takes time. However, as long as the will to solve problems is shared, consensus can be built through dialogue, and differences can gradually be bridged.
Reuters reported that extending the trade "truce" until early November will buy crucial time for the seasonal autumn surge of imports for the Christmas season. Politico, meanwhile, cited Sean Stein, president of the US-China Business Council, who had just concluded a visit to China, as saying that US industry welcomes the pause. All this shows that by stubbornly imposing additional tariffs on China, Washington has left US companies and consumers primarily struggling with uncertainty.
The fact that "the essence of China-US relations is mutual benefit and win-win results" cannot be stressed enough. If the US can recognize that no matter how the "window period" is extended, as long as tariff barriers remain, cooperation will face obstacles and the systemic harm to US businesses and consumers will not be eliminated. Only by completely eliminating unreasonable tariffs and strengthening equal dialogue and cooperation can China-US economic, trade, and industrial cooperation open up space for sustainable development.
Extending the China-US tariff "truce" not only benefits bilateral trade, but also helps avert the risk of a "hard decoupling" in global industrial and supply chains, enabling market players worldwide to move from "uncertainty" back onto a "plannable" normal track. Research shows that the real path to enhancing the resilience of production and supply chains lies in diversification, trade facilitation, and international cooperation - not in using trade policy to sever connections.
The current "window period" is merely a temporary "sigh of relief" for global production and supply chains. If the US can work together with China to jointly shoulder the responsibility of continuously promoting economic recovery and safeguarding supply chain stability, it would undoubtedly be a scenario the international community looks forward to. Data shows that China's exports to the US have declined for four consecutive months, but the positive effects of China-US economic and trade talks have already begun to manifest, with the year-on-year decline in bilateral trade significantly narrowing in June. However, the "90-day window period" is fleeting, and market sentiment remains cautious.
The urgent priority for both China and the US should be to maintain the hard-won results of their negotiations. This requires not only stopping the numerical losses but also eliminating various disruptions and potential damages, while continuing to uphold an equal stance, respecting each other's concerns, and striving for a win-win outcome. American companies, especially in the technology sector, continue to remain highly active in the recently held exhibitions in China. The China-US shipping market has experienced a "hard-to-book-a-ship" situation after the release of the Geneva Joint Statement, and foreign media reports indicate that a record number of Chinese companies are seeking to list in the US. These interactions outline the resilience of bilateral economic and trade ties and the realistic demand for cooperation, which should be cherished and nurtured even more.
Currently, confidence in the ability of China and the US to resolve trade differences through consultation is growing internationally, a positive outcome achieved through the joint efforts by the two countries.
China has consistently maintained that, regardless of how the international situation changes, its policy toward the US will remain continuous and stable. It will handle and advance China-US relations according to the three principles proposed by President Xi Jinping: mutual respect, peaceful coexistence, and win-win cooperation. The US government and industry have also repeatedly sent positive signals that "US-China cooperation can achieve many great things." We hope that these statements from the US side will be translated into action more frequently and swiftly, particularly in the context of China-US economic and trade relations, following the direction indicated by the calls between the two heads of state, to achieve mutual success and common prosperity.
Source: Global Times
