Significant reduction in bilateral tariffs between China and the United States, which US stocks will benefit significantly?
According to the Securities Times APP, from May 10th to 11th local time, China and the United States held high-level economic and trade talks in Geneva, Switzerland. The talks reached a series of important consensus and made substantial progress. On May 12th local time, China and the United States issued a joint statement on the Geneva economic and trade talks. The spokesperson of the Chinese Ministry of Commerce made a statement on the joint statement of the China-US Geneva economic and trade talks, saying that this high-level economic and trade talks between China and the United States has made substantial progress, significantly lowering the levels of bilateral tariffs. The US has cancelled 91% of the additional tariffs, and China has reciprocally cancelled 91% of the retaliatory tariffs. The US has suspended the implementation of 24% "equivalent tariffs", and China has also suspended the implementation of 24% of retaliatory tariffs.
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