US Edition
Charting the Global Economy: US, China Forecasts Improve on Tariff Truce
- The US and China agreed on May 12, 2025, to reduce tariffs significantly and pause new tariff increases for 90 days to ease trade tensions.
- This truce followed earlier escalations and tariff hikes, with both countries aiming to support economic growth and stabilize global markets.
- The US cut its tariffs on Chinese imports from 145% to 30%, while China lowered its tariffs on US goods from 125% to 10%, boosting market optimism.
- Economists raised growth forecasts for China to at least 4.6% in 2025 and noted that the US economy may avoid recession despite ongoing uncertainties.
- Although the pause improves trade prospects and market sentiment, analysts warn uncertainty remains, potentially limiting firm capital investment decisions.
15 Articles
15 Articles
Spokesperson: China-U.S. tariff cut good for bilateral trade growth, global recovery
The significant reduction of tariffs between China and the United States is beneficial for trade growth between the two countries and global economic recovery, an official with the National Bureau of Statistics said at a press conference on Monday.
After flirting with bear market levels, the S&P500 bounced 19% for the pause in the trade war; Argentina improved its score, but for a sustainable low of risk country structural reforms are needed
DIRECTOR: In the framework of the permanent global uncertainty that has been established mainly by the dynamics between the United States and China, the pause that we are experiencing after the meeting in Switzerland of high representatives of the two countries leads us to question whether we are facing a genuine truce, a change of strategy or a genuine return to the status quo.What began as a trade dispute has become a conflict by spheres of in…
The recent upturn in the market following US trade agreements with the UK and China could have renewed investors’ optimism. Amid the easing of US trade strategy and tariff breaks, the Swiss bank UBS believes that “the peak of trade uncertainty has passed.” China and the US have reached an agreement to reduce tariffs for a period of 90 days, with the option of an extension once the deadline is met. The Asian giant has also announced that it will …
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