China Pauses Sanctions on US Companies in Trade War Climbdown

Wang Dan (dissident)china director

There is no point in China clarifying the non-tariff barriers it plans to lift to give itself the flexibility it wants,

said Dan Wang, China director at Eurasia Group

The window for mutually beneficial cooperation should extend far beyond a mere 90-day period,

said the Global Times, which is owned by the newspaper of the ruling Communist Party, People's Daily, and has often been first to report China's next steps in trade disagreements over the last few years

The tariffs will likely go back up 90 days and China may sign some purchase agreements, but the non-tariff barriers will be important in future talks,

she said

We are definitely starting to see the bookings return now that this temporary pause is in effect,

Tracy said

I have clients with thousands of containers preloaded in China that are ready to come in,

said Paul Brashier, vice president of global supply chain at ITS Logistics, in an interview with CNBC Tuesday

With the speed of Chinese factories, this 90-day window can resolve most of the product shortages for the U.S. Christmas season,

Ryan Zhao, director at export-focused company Jiangsu Green Willow Textile, told CNBC

I expect that there will be additional volume between China and the US. That is what we have already seen in the last few days."

When asked about Washington and Beijing's tariff truce, CEO Rolf Habben Jansen told Reuters

For running shoes produced in China, the total tariff is now 47 percent, still well above the 17 percent level in January,

CEO Tony Post told CNBC

Jay Foreman (comedian)basic Fun CEO

We're starting to move everything,

said Jay Foreman, chief executive of Florida-based toy company Basic Fun, who jumped out of bed at 4 a.m. Monday local time (1100 GMT), when he learned about the tariff reduction

US-China tariff reprieve is enough to get products on the shelves in time for Christmas", ... Tariffs devastated America's ports. Soon, they could face a surge from stockpiling".

A CNBC report on Tuesday read

We have to call trucking companies in China to schedule pickups at the factories. And we have to book space on these container ships now,

he told The New York Times

The US economy has become very unbalanced. On one side, we have ... the deepest and widest financial markets in the world. We have financial innovation. We have a tech sector that is the envy of the world,

he said

The 30 percent tariff from China is better than 145 percent, but is still very significant. This is on top of other tariffs that were previously in place from China. Many companies are releasing shipments that were completed, but being held in China,

Greenspon said

Tariff reductions align with the interests of American industries. China-US cooperation benefits both countries and responds to global expectations. At its core, the economic and trade collaboration between China and the US remains mutually beneficial and win-win in nature,

Gao said

I'm glad that both countries finally agreed to talk to each other about this important topic. While the temporary decrease in tariffs is helpful - 30 percent is far better than 145 percent - there are still unintended consequences like the freight shipping rates that will skyrocket for the rest of May,

Jamey Stegmaier, co-founder of Stonemaier Games, told the Global Times on Thursday

Market demand has surged almost overnight. We're seeing a short-term shipping boom, but capacity has not fully recovered yet,

Zhong said

The 90-day pause and reduction of tariffs between the US and China is welcome news for consumers, American businesses, workers and the supply chain. Even with this announcement, tariffs remain elevated compared to April 1,

Los Angeles Port Executive Director Gene Seroka said in a statement sent to the Global Times on Thursday

Wang Li (linguist)foreign Minister

I knew it would come. But it still kind of overwhelmed me when it finally came. Four new orders totaling $300,000 placed on May 13! This single day sales figure equates to half a month of sales revenue in usual times,

Wang Li, general manager at Shenzhen Maigijia Home Co, told the Global Times on Thursday

The surge in orders from American businesses received by Chinese foreign trade enterprises following the China-US joint statement first and foremost highlights the irreplaceable quality of Chinese products. This also demonstrates that tariff reductions serve the interests of both nations,

Gao Lingyun, a researcher at the Chinese Academy of Social Sciences in Beijing, told the Global Times on Thursday

The average bookings for the seven days ended Wednesday soared 277 percent to 21,530 20-foot equivalent units from 5,709 TEUs for the average for the seven days that ended on May 5,

Reuters reported, citing Ben Tracy, container-tracking software provider Vizion's vice president of strategic business development