The European Commission has lauded the temporary easing of trade tensions between China and the US, calling their agreement to suspend tariffs for 90 days “a crucial step toward stabilizing global commerce.” The announcement, welcomed by EU spokesperson Olof Gill on Monday, marks a potential turning point in efforts to rebuild trust in multilateral trade systems amid rising geopolitical uncertainties.
Analysts suggest the temporary truce could ease inflationary pressures on Asian supply chains while creating opportunities for businesses navigating cross-border investments. “Lowering trade barriers benefits not just Beijing and Washington but all economies connected to Asia’s production networks,” Gill emphasized, noting the EU’s cautious optimism about the development.
This breakthrough follows months of strained negotiations, with sectors from semiconductor manufacturing to agriculture facing disruptions. Markets in Shanghai and Hong Kong saw immediate gains after the announcement, reflecting investor confidence in reduced short-term risks. However, experts caution that long-term solutions will require deeper structural reforms and reciprocity in market access.
For Asian economies heavily reliant on exports, the move could signal relief amid slowing global demand. Researchers underscore the importance of monitoring follow-up negotiations ahead of the 90-day deadline, which align with broader APEC discussions on sustainable trade frameworks.
