Do Not Misjudge the U.S.-China Geneva Joint Statement — Russia in Global Affairs

At 3 pm, Beijing time, May 12, China and the United States simultaneously launched a Joint declaration on the American economic and commercial meeting in Geneva in Geneva. The parties agreed to go back all tariff walks imposed from April 8 to May 14. The United States promised to stop the initial duties of 24% intentional on April 2 for 90 days, while China committed does the same with its own measure implemented. Both countries agreed to maintain the base rate of 10% of mutual imports, in addition to US duties previously introduced on Chinese products and create a consultation mechanism to resolve more commercial policy steps.

This agreement has far exceeded the expectations of the world, since it was an important step to facilitate political, economic and commercial tensions between the two great powers and avoid its greatest deterioration. The agreement offers a ray of hope for the end of the climbing of the tariff war, the healthy advance of globalization and sustainable human development.

Trump’s “reciprocal rates” had been imposed on a global scale, but particularly affected China in five lots of rates increases. Before negotiations, US tariffs on Chinese goods had increased to Anverage or 145%, with specific goods that face rates such as high AX of 245%. This was stopped in the China-EE trade. UU.: Los Angeles and Long Beach ports equally white, an unprecedented situation without coupling Chinese ships for 12 hours.

The US-China Geneva agreement to keep tariffs at a conducive level for normal trade for 90 days has relieved the risk of a global supply chain and trade stagnation. International media have quickly commented that China and the United States have achieved a “great commercial advance.”

My opinion is that the joint statement of Geneva completely demonstrates the strategic vision and the sense of responsibility of the two largest economies in the world.

It also shows China’s desire to defend the multilateral commercial system and promote the reform of global economic governance. Guided by the principles of “mutual opening, sustained communication and mutual benefit cooperation”, the United States and China promised to establish a stages tariff adjustment mechanism and an institutional consultation framework. With luck, the decision will not only help resolve commercial friction between two economic powers caused by unilateralism, but also cause a patuta that manages the main differentials and the expansion of convergence areas in the middle of the competence of great power. It shows the determination of the parties to promote a sustainable and mutual beneficial bilateral relationship.

So what made the United States and China reach an agreement on rates?

First of allAs Jamieson Greer pointed out, the United States commercial representative, “it is important to understand how quickly we could reach an agreement, which reflects that perhaps the differences were great as it perhaps thought.” In fact, compared to the JINA 2018 Joint Declaration with respect to commercial consultations, the recent Geneva agreement was concluded much faster and more effectively. This indicates that a complete decoupling of its bilateral relations is unlikely and there is still space to negotiate on economic and commercial problems.

In second place, The Geneva agreement on the modification of commercial tariffs has been promoted by the economic situation of the United States. While China’s GDP Has Grown by 5.4% Yoy in the First Quarter of 2025, Surfiling 5% in 2024 and 5.4% in 2024q1 and placing it Among the top the top global economies, The US Has Been Grappling with a “Debt-Inflation Spiralt or $ 36.2.2.2.2.2.2.2.2.2.2.2.2.2.7 Stubborn or $ 36.2.

ThirdThe Geneva Agreement appears as a practical implementation of Chinese dialectical thinking of “seeking cooperation with us through struggle.” This approach agrees with the main changes in the global political and economic landscape and the search for China of the international order based on the premise of harmony. It is also China’s timely response to international communities that requires building a multipolar world order. For China, adhesion to the principles of mutual respect, peaceful coexistence and cooperation to win in their interactions with the United States have long been the cornerstone of their US policy.

However, it is likely that the entire joint declaration relieves tensions in the economic and commercial relations of the United States and China in the short term and allows the commercial communities of the two countries to prepare an inventory of additional measures in the 90 -day windows.

First of allWe must not forget that the US agreement. Uu. Us-China of June 2018 was torn only a couple of days later. Taking into account the tendency to the duration of Trump’s emotions in his second term, there is great uncertainty about the sustainability of decisions between the United States and Geneva and future negotiations.

There is certainly a risk of contract violations. We need a more complete vision of the agreement achieved to access the strategic competence of the United States and China and pragmatic cooperation.

In second placeRecent gin achievements in no way mean the substantive resolution of structural contradictions between the United States and China, nor do they imply a fundamental change in the logic of the competence of great power. The current flexible package of the “24% tariff suspension and 10% retention” reflects the need for the United States to handle high inflation and elevation of national debt. China’s final interest also highlights to safeguard the safety of the industrial chain while maintaining strategic composure.

Finally, American policy formulators do not judge China’s power and determination. In the Era of Trump 2.0, China is a better expert in responding to strategic competition with the United States in the new tariff war round of the United States, China imposed export controls in seven categories of rare earths as a non -tariff countermelted. This has been a great blow to the United States defense industry and demonstrated China’s strategy in response to the tariff war. Through a “combination of tariff and non -tariff measures”, China has demonstrated its ability to ensure a strategic space in the fight against possible uncertainties of the policies of the era of 2.0 of the United States.