Latest Positive Development in the U.S.-China Tariff War

"This is an important step forward for both China and the United States." On May 12, following the release of the joint statement from the U.S.-China trade talks in Geneva, the international community widely welcomed the news.

According to the joint statement, the U.S. has removed 91% of its imposed tariffs, while China has reciprocally lifted 91% of its retaliatory tariffs. Additionally, the U.S. has suspended 24% of its "reciprocal tariffs", with China also suspending 24% of its countermeasures.

The announcement boosted global markets, with major stock indices rising that day. WTO Director-General Ngozi Okonjo-Iweala praised the progress, stating that the outcome of the U.S.-China trade talks is not only crucial for both nations but also vitally important for the rest of the world, aligning with global expectations.

TAIZHOU JETGOAL INDUSTRIAL CO.,LTD have got US clients's notify to restart production of the 45 containers orders.