China Welcomes US Tariff Pause with Caution

China cautiously welcomed a 90-day US-China tariff truce following Geneva talks, reducing US tariffs on Chinese goods from 145% to 30% and China’s on US goods from 125% to 10%. China also lifted a Boeing delivery ban. President Trump called it a “total reset,” but President Xi Jinping, meeting Latin American leaders, criticized US “bullying” and tariff wars, urging no winners in trade conflicts. China’s foreign ministry condemned the “unreasonable” tariffs, rejecting US claims linking China to the fentanyl crisis. The 20% US tariff component tied to fentanyl allegations creates an imbalance. State media praised the talks as a “crucial step” but warned of complex, long-term differences. The tariff war has halted Chinese shipments, risking 16 million jobs. Businesses like a Ningbo trader, with 30% of exports to the US, are cautiously optimistic but brace for a rush to ship before the pause ends. Some firms are shifting to Asian or domestic markets. Social media reactions vary, with nationalist voices claiming victory, while others question the outcome. China’s commerce ministry seeks further talks to avoid a global recession, but underlying tensions and US accusations keep relations strained.