What has made China and the US agree to roll back tariffs?

是什么使得中美同意降级关税?

World Today

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2025-05-12

53 分钟
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① Following a high-level meeting in Geneva, China and the US announced tariff modification measures to ease their trade tensions. What does this breakthrough mean to the two sides? (00:49) ② Earl Bousquet: China’s global initiatives appeal to CELAC as a break from US doctrines. (11:23) ③ What has driven China’s bumper exports in April? (24:50) ④ Turkish President Recep Tayyip Erdogan says Ankara is ready to host peace talks between Russia and Ukraine again. If peace talks take place, what should be our expectation of the outcome? (36:09) ⑤ We explore what’s at stake in the Philippines’ midterm elections. (45:06)
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  • Hello and welcome to World Today, I'm Ding Hen in Beijing.

  • Coming up, US and China agree to drastically roll back tariffs and trade breakthrough.

  • China has reported bumper exports for the month of April.

  • Turkey says it is ready to host Ukraine-Russia peace talks in the city of Istanbul.

  • And Philippines vote in midterm elections amid Marcos Duterte political showdown.

  • To listen to this episode again or to catch up on our previous episodes,

  • you can download our podcast by searching World Today.

  • China and the United States have announced tariff modification measures to ease their trade tensions.

  • The decision followed a two-day high-level meeting on economic and trade issues in Geneva.

  • A joint statement is emphasizing the need for a sustainable,

  • long-term and mutually beneficial economic and trade relationship.

  • The discussion was led by Chinese Vice Premier He Lingfeng and U.S.

  • Treasury Secretary Scott Benson.

  • The Chinese vice premier has also met with World Trade Organization Director General Ngozi Okonjo-Iweala in the city of Geneva as well,

  • reaffirming about China's commitment to multilateralism and free trade.

  • So for more, joining us now on the line is Professor Qu Qiang from Mingzhu University of China.

  • Thank you very much for joining us.

  • Thank you.

  • So, Professor, basically,

  • President Donald Trump's 20% functional-related tax levies on China will stay.