<p>On May 12, during the China-U.S. economic and trade talks in Geneva, it was announced that the tariffs, which had been at 125% since April 2, would be reduced to 34%, with 24% of the tariffs suspended for 90 days, only imposing an additional 10% on the remaining amount. This reduction exceeded market expectations. The Huatai Research team analyzed its macroeconomic impact and future outlook, believing that the tariff levels between China and the U.S. have significantly decreased, and further negotiations on fentanyl-related tariffs may occur in the future</p>

- On May 12, the U.S. and China announced a joint statement from the Geneva trade talks, significantly reducing tariffs from 125% to 34% and suspending 24% of tariffs for 90 days.  
- This outcome exceeded market expectations, indicating a shift towards negotiation rather than retaliation, with both sides agreeing to establish a mechanism for ongoing trade discussions.  
- The reduction in tariffs is expected to alleviate inflationary pressures in the U.S. and enhance China's export prospects, while the overall impact on global trade dynamics remains to be assessed.

Wallstreetcn

XI2CSOPHSTECH

Semiconductor

ISHARESHSI

FL2 CSOP HSI

CSOP HS TECH

Hang Seng TECH Index

FI2 CSOP HSI

Hang Seng Index

ASIA FINANCIAL

HSTECH ETF

TENCENT

BABA-W

Huatai-PB CSOP Hang Seng Technology ETF(QDII)

XL2CSOPHSTECH

Can tariff disturbances turn around?