For some time, the trade war has become a major “culprit” in the turbulence of global financial markets, and has cast a cloud on global economic growth. Now, with the truce of trade between the world’s two largest economies, the global market and the economic circles of all countries are showing their joy.
Obviously, there will be difficulties and challenges in the next three months, but it is a good start for the two countries to have a rational “truce” and both sides have shown strong desire to reach specific agreements. A spokesman for the Chinese Foreign Ministry said that the consensus reached by the two sides at the meeting is of great significance. It not only effectively prevents the further expansion of Sino-US economic and trade frictions, but also opens up new prospects for win-win cooperation between the two countries. It is not only conducive to the development of the two countries and the well-being of the people, but also to the stable growth of the world economy. It is in the interests of all countries.
The “truce” in Sino-US trade brings hope to the global economy. For many investors, this could be the best week since the trade war. When the global economy is cooling down, it is right for China and the United States to stop imposing new tariffs. Punitive tariffs will affect global trade, corporate decision-making and consumer prices. The question now is how China and the United States can reach a “permanent truce” agreement on the basis of a “truce”.
“The trade war between China and the United States has been suspended, and the Korean economic interface has shown its joy,” the Korean Central Daily said. With the decision of the Chinese and American heads of state to suspend additional tariffs on each other, Korean enterprises have expressed “this is good news”. More relevant people in the Korean industry said that the “suspension” of trade war between China and the United States has greatly reduced the uncertainty in the international economy, which is good news.
The Japanese government also welcomed the “truce” between China and the United States. Japanese Chief Cabinet Secretary Kan Yiwei praised the positive results of the meeting between the Chinese and American heads of state during the G20 Summit at a press conference on the 3rd, saying: “Constructive communication between the United States and China is important not only for our country, but also for the whole world.”