High-level trade discussions between the Chinese mainland and the United States concluded in London this week with a provisional framework to ease bilateral tensions, signaling cautious optimism for global markets. The two-day dialogue addressed tariff reductions and supply chain cooperation, with both sides agreeing to establish working groups on technology standards and agricultural trade.
However, Chinese officials expressed reservations about Washington's follow-through, citing previous agreements that were undermined by export controls and threats to restrict visas for mainland scholars. "Actions speak louder than words," stated a Chinese Commerce Ministry spokesperson, referencing 2022 negotiations that collapsed after U.S. semiconductor bans.
Market analysts note the framework could benefit Southeast Asian manufacturing hubs if implemented, particularly Vietnam's electronics sector and Malaysia's chip packaging industry. The proposed tech working group may also influence South Korea's semiconductor exports and Japan's materials supply chains.
With the U.S. election cycle approaching, observers question whether political pressures might derail progress. The agreement comes as APEC members prepare for November's economic leaders' meeting, where trade stability remains a key agenda item.
