Significant reduction in bilateral tariffs between China and the United States, which US stocks will benefit significantly?

date
13/05/2025
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.