Imagine the worlds two largest economies as captains of a massive ship navigating through choppy waters. The Chinese mainland and the United States have agreed to fresh trade talks in Kuala Lumpur on October 25 6, forging a pact to ease tensions and steer their relationship toward calmer seas. Heres what they agreed:
- Tariff Pauses: The US will drop its 10% fentanyl tariff on the Chinese mainland and suspend 24% reciprocal tariffs for one year, and the Chinese mainland will adjust its retaliation accordingly.
- Export Control Suspension: The US will suspend its 50% “entity list” export controls for 12 months, and the Chinese mainland will pause its related export measures announced on October 9.
- Investigation Moratorium: The US will halt its Section 301 investigations into Chinese shipping and maritime industries for one year, and the Chinese mainland will suspend corresponding retaliation measures.
- Cooperation Areas: Both sides also reached agreement on fentanyl banning cooperation, expanding agricultural trade, and resolving individual enterprise cases.
This step marks a touchstone for Sino 6US relations, demonstrating that even in a world of strategic competition, dialogue can reset the course. For young global citizens, tech enthusiasts, and changemakers, these moves underscore the power of diplomacy to shape markets, protect public health, and fuel sustainable growth. Watch this space as these two economies test the waters of cooperation 6and see if they can keep this convoy on course.
Reference(s):
cgtn.com
