General

Recently, China and the United States announced an extension of the ceasefire period, temporarily shelving the trade war between the two sides. This is a decision made by the leaders of the two countries after a series of high-level negotiations on economic and trade issues, and it is also one of the most important foreign trade news on a global scale.

The Sino US trade war that began in 2018 has brought enormous uncertainty and pressure to the global economy. However, under the pressure of the US government, trade frictions between China and the United States continue to escalate, leading to increasingly intense trade frictions and even extending to other fields such as technology and national security.

After multiple rounds of high-level negotiations, the leaders of China and the United States finally reached the first phase of a trade agreement in 2019. According to the agreement, the Chinese side promises to purchase more American goods and services, while the US side suspends the originally planned tariff escalation and cancels some trade restrictions against China. This agreement brought a brief respite to the relationship between the two countries, but later, due to factors such as the pandemic, the relationship between the two sides became tense again.

Nowadays, the ceasefire period of the Sino US trade war has been extended again, but this does not mean that the trade war is about to end. Despite reaching some consensus in the negotiations between China and the United States, there are still differences in trade, technology, and other aspects between the two countries. In addition, the relationship between China and the United States is not just a trade issue, but involves a wider range of economic, political, security and other fields.

Therefore, the prospects of a trade war between China and the United States remain uncertain. Both China and the United States, as well as economies around the world, hope to see trade reconciliation between China and the United States to stabilize the global economy and markets. Only through dialogue and cooperation can we resolve our differences and contradictions, and achieve common development and prosperity.