- US, China agreed to proceed extending some tariff exemption measures
- Either side reached consensus on fentanyl cooperation, increasing agriculture commerce
- China to regulate some countermeasures in response
- To suspending shipbuilding measures towards the US for a yr
- To pause uncommon earth export controls for a yr
- Will pause countermeasures associated to 301 investigations for a yr
- Will correctly deal with TikTok associated points with the US
Nicely, I suppose that is that. Once you join the dots, the one issues which might be agency appears to be the US lowering China tariffs by 10% and that China will delay some countermeasures with essentially the most notable one being their 9 October determination to impose uncommon earth export controls on the time. However once more, that was largely to ship a message to the US and acquire leverage forward of talks this week. So, it is merely a reversion again to the established order earlier than.
As for “increasing agriculture commerce”, that may level to Trump’s remark that China will “instantly buy US soybeans”. Nonetheless, it appears to be that pledge would not have a lot specifics for now.
Much ado about nothing. That just about sums up the talks this week.
