The U.S. and the Chinese mainland have agreed to a 90-day truce on tariff tensions after a two-day high-level meeting in Geneva concluded with a joint statement. This pause provides a window for broader talks through a new economic and trade mechanism designed to steer the relationship toward more stable ground.
For American retailers like Glenda McMichael, this news is a breath of fresh air. “I’ve been waiting to see the outcome of these negotiations,” she says. “It’s a relief to know that both sides are committed to working together. We’re optimistic about reconnecting supply chains and easing the pressure on prices.”
U.S. retailers have been adapting to ups and downs in tariffs, juggling shifting costs while exploring new sourcing options. The 90-day window isn’t just a break on duties—it’s a chance for business leaders, policymakers, and trade experts to sketch out a longer-term roadmap for economic cooperation.
As discussions continue under the newly established mechanism, key questions loom: Will this temporary truce lead to permanent policy shifts? Can retailers, manufacturers, and consumers count on a more predictable environment? For now, the market’s response is hopeful, with many companies tracking volumes, prices, and consumer sentiment for signs of a lasting détente.
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Retail seller looks forward to China and U.S. working together
cgtn.com
