CX Daily: Chinese Exporters Move Quickly After Tariff Rollback, but Remain Cautious
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China-U.S. /
Chinese exporters move quickly after tariff rollback, but remain cautious
Chinese exporters are cautiously resuming shipments to the United States after a surprise tariff rollback by Washington and Beijing but remain wary of policy swings. Numerous companies are waiting for customs confirmation before dispatching goods and are speeding up efforts to diversify into domestic and Southeast Asian markets.
A joint statement issued Monday pledged to reduce or suspend a significant portion of the punitive tariffs by May 14. The U.S. agreed to cancel 91% of its previous tariff hikes on Chinese goods and suspend 24% of additional “reciprocal” tariffs. China responded with identical cuts.
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