US-China reach 90-day Trade Truce to ease tensions

English , International - بین الاقوامی , Snippets , / Monday, May 12th, 2025

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In a significant diplomatic breakthrough, the United States and China have agreed to a 90-day suspension of reciprocal tariffs, marking a crucial step towards de-escalating ongoing trade tensions. The agreement, announced following high-level talks in Washington, aims to foster economic stability and pave the way for further negotiations on critical trade issues.
The temporary truce, effective immediately, halts the imposition of new tariffs and suspends existing ones on key sectors, including technology, manufacturing, and agriculture. Both nations have expressed optimism that the pause will create a conducive environment for constructive dialogue, focusing on fair trade practices, intellectual property rights, and market access.
US Trade Representative Katherine Tai hailed the agreement as “a positive move towards addressing long-standing imbalances,” while Chinese Commerce Minister Wang Wentao described it as “a mutual effort to stabilize global markets and restore investor confidence.” The suspension is seen as a strategic pause that allows both countries to negotiate without the immediate pressures of economic penalties.
Global markets responded positively to the news, with key indices in New York, Shanghai, and Hong Kong witnessing a surge. Analysts suggest that the agreement could set the stage for a broader, long-term solution if both sides maintain diplomatic momentum. However, experts caution that unresolved core issues, such as technology transfers and market access barriers, still pose challenges to lasting peace.
The 90-day window is expected to be a test of political will and economic pragmatism for both superpowers, with global stakeholders closely monitoring developments. If successful, this truce could redefine the trajectory of US-China relations and stabilize global trade dynamics.
The coming weeks are anticipated to bring further dialogue, as both nations prepare for another round of talks aimed at cementing long-term agreements. The world now watches to see if this temporary pause can evolve into lasting trade peace