China, US slash sweeping tariffs in trade war climbdown

One of the things I think that could be most exciting for us and also for China, is that we're trying to open up China,

he added, without elaborating

We have the confines of a very, very strong deal with China. But the most exciting part of the deal ... that's the opening up of China to US business,

he told the US broadcaster while aboard Air Force One on the way to the start of his Gulf tour

Further tariff reductions will be difficult and the risk of renewed escalation persists,

Yue Su, principal economist at The Economist Intelligence Unit, told AFP

Xi Jinpingchinese President

There are no winners in tariff wars or trade wars,

Chinese President Xi Jinping told leaders including Brazil's Luiz Inacio Lula da Silva

The only option is to try to keep your head above water and be tossed by the waves, or to go out of business,

said Anna Barker, whose Mississippi-based firm Glo sells luminous toys designed in the United States and made in China

There are indeed some transactions between Bosch China and Bosch facilities in the US — we import certain components produced by Bosch plants in the US, amounting to roughly 1 billion yuan ($139 million), and we also export some products to the US, also around 1 billion yuan,

said Xu

There's a lot of inventory piling up in factories in China that now need to hit the water,

said Josh Staph, chief executive of Ohio-based Duncan Toys Co

Diane SwonkkPMG chief economist

The tariffs are still so large that you can't help but pass them along,

said KPMG chief economist Diane Swonk

Firms remain in limbo as they try to plan long-term sourcing and investment decisions,

he added

We can see green shoots in Europe as far as short-cycle demand. China has been good for us, too. China is not a big revenue driver for us. It's about 5%, but China demand is there. So, we're seeing that,

the CFO said

There is some activity that was actually underway even before the acceleration of some of the tariff conversation over the past several months,

Woenker said

We're offsetting with price escalations and other actions as far as our supply chain,

Stepniak said

We are in a situation where our supply chains are manageable. We have a competitive position that gives us an opportunity to make sure we can manage [these] things,

said Woenker, who took over as CFO in January

The only hesitation or pause is the demand piece in the second half of the year, specifically in the businesses that have more exposure to China, and how that's going to play out from a tariffs standpoint,

Stepniak added

We have received multiple inquiries from shipping companies about urgently adjusting berthing schedules, so we are rerouting ships from other lines to handle the expected surge in shipments,

Lin said

While North American routes remain under cautious adjustment, emerging markets, including Latin America, Africa, are seeing steady route expansion, becoming crucial alternatives for Chinese exports seeking new growth channels,

per a statement from the Shangdong Port Group Co sent to the Global Times

Some buyers told me that the sudden surge in urgent travel bookings has driven up airfares from some US cities to Zhejiang in recent days,

Jiang told the Global Times on Wednesday

The 90-day 'freeze period' creates room for further negotiation, but the process is still clouded by potential shifts in US policy,

He said

The [tariff] pain will be immediate and it will hurt the most vulnerable. Full stop. And after years of economic slowdown already,

Nguyen said

We will do our best to address issues such as salary payments, social insurance, and other legally required responsibilities."

A notice visible in the footage stated that the company