China and the US have reached a ceasefire?! No need to worry about additional tariffs in March!

The seventh round of negotiations between China and the United States, originally scheduled for two days, began on the 21st, but because they could not reach a consensus, they had to "overtime" for two days. After the negotiation ended on the 24th, the two sides reached an agreement to postpone the deadline for stopping the increase in tariffs, which was originally scheduled for March 31st .

On the 25th, US President Trump also tweeted that he had reached a very fruitful negotiation with China and had made great progress on many structural issues such as intellectual property rights, agriculture and exchange rates.

The specific time for postponing the truce in imposing additional tariffs remains to be determined through further discussions, but this is undoubtedly good news for our cross-border sellers.

In addition to allowing us to stay away from worrying about the additional tariffs of 200 billion US dollars for a while longer, the agreement reached in this negotiation also sends us a signal that the day when China and the United States shake hands and make peace is not far away.

In the two months since the ceasefire in January, China and the United States have held four rounds of consultations, which is more than the consultations held in the whole of last year. The latest seventh round of consultations was extended by two days, which shows the sincerity and urgency of both sides in ending the trade war.

However, the existence of overtime also means that China and the United States still have many differences on key issues and links of the consultations, which require more events to negotiate and overcome.

Precisely because of these uncertainties in the current negotiation process, which may even directly affect the vital interests of our sellers, we sellers still need to pay close attention to the trade war negotiation meetings.

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