Overview

• President Donald Trump declared plans to substantially lower the 145% tariffs on Chinese imports, marking a shift in the trade conflict.
• China had retaliated on April 11 with 125% tariffs on U.S. goods, creating a de facto trade embargo between the two nations.
• Beijing welcomed the possibility of de-escalation but emphasized its readiness to continue the trade fight if necessary.
• The Chinese Foreign Ministry reiterated its openness to dialogue, while maintaining a firm stance on protecting national interests.
• Shanghai exporters expressed optimism that reduced tariffs could revive trade flows and alleviate economic stagnation at key ports.