China and the US suspend the additional tariffs for 90 days
On August 12, 2025, China and the United States respectively announced that they would “once again suspend the implementation of the 24% tariffs for 90 days, while retaining the remaining 10% tariffs on import goods.” The “Joint Statement on U.S.-China Economic and Trade Meeting in Stockholm” clearly stated that this was a consensus reached by both sides after the Geneva Joint Statement in May, the London talks in June, and the Stockholm talks in July. The international market responded positively, with stock markets in the Asia-Pacific region and crude oil futures prices rising in response. After the Geneva talks, China…
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