Chinese officials, influencers and state media on Monday issued the initial trade agreement and the 90 -day pause rate with the United States as a victory and a claim of Beijing’s negotiation strategy.
They are arguing that their challenging public position worked and it was an important reason why they could reach an agreement with US officials in Switzerland with relatively few concessions.
“China’s countermeasted firms and the resolved position have been highly effective,” said a social media account linked to the CCTV of the China National Issuer.
In the eyes of Chinese public, Beijing negotiators seem to have convinced the administration of President Donald Trump to reverse most of the 145% rate rate imposed, and cut them to 30%.
In return, China promised to delay the majority of the partners who announced against the United States
In social networks, Chinese users are promoting treatment. A hashtag, #uschinasuspende24%90 -day rates, already has 420 million visits on Weibo.
The line refers to a 24% figure cited near the top of the joint statement that Washington and Beijing published.
In total, the 90 -day pause reduces import tariffs from the USA.
A user of Chinese social networks, Chun Feng Yi, published: “Our ancestors did not dig, why should we give up what we have?” The comment now has thousands of I like it.
Beijing is also using the commercial agreement to try to argue to the world that it is a responsible commercial partner, even when China’s negotiation plays has often been a frustration for the international business community and commercial partners.
Foreign executives and officials complain about “promising fatigue” with Beijing, whose officials often seem happy to talk about cooperation, while taking relatively little action.
According to this negotiation play book, Beijing has said that it will work with the Trump administration in a new “consultation mechanism” to maintain dialogue on trade and other economic problems.
The agreed measures in Geneva, Switzerland, formally come into force on Wednesday, but Beijing has been giving silent exemptions before the conversations for some companies that operate locally.
China also agreed to “adopt all administrative measures necessary to suspend or eliminate non -tariff countermeasures.” This includes the latest strict export curbs in rare earths that Beijing imposed. Minerals are crucial for the United States industry.
However, China sent some mixed signals on Monday about metal cooperation. The Ministry of Commerce reaffirmed its repression in the smuggling of rare earth for reasons of national security, and said that the “foreign entities” were partially guilt.
The commercial agreement between the United States and China has brought a temporary relief of the intensity of the commercial war that the global economy rises.
Securities markets worldwide increased on Monday after Beijing and Washington announced the agreement.
In the period prior to negotiations in Switzerland during the weekend, Beijing remained firm that he would not give in his own priorities to reach an agreement with US officials.
“We will deciduously safeguard our legitimate interests and defend international justice and justice,” said the spokesman of the Ministry of Foreign Affairs, Lin Jian, before commercial conversations.
The Ministry of Commerce on Monday described on Monday the commercial agreement as an “important step”, but took a blow to the Trump administration, saying that the United States should “completely correct its unilateral tariff practices.”
Trump administration officials, meanwhile, are also characterizing the agreement as a “historical trade victory” for the United States.
The two parties are expected to meet again at some point during the next “few weeks” to negotiate a “more satisfied agreement,” Treasure Secretary Scott Besent said on Monday, in the “CNBC box”.
– Eunice Yoon of CNBC reported Beijing and Erin Doherty reported from Washington, DC
