Breaking news! China-US tariffs welcome a major turning point, and a market of 30 billion will change!

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Ministry of Commerce Releases Key Signal! Recently, at a regular press conference, the Ministry of Commerce clearly stated: Sino-US tariffs may usher in historic adjustments, and both sides have reached a principled consensus on "reciprocal tariff reductions," with a scale of $30 billion or more each. The economic and trade teams of both sides will continue to maintain close communication to finalize specific arrangements and promote the prompt implementation of relevant measures. Foreign trade, logistics, and manufacturing industries will directly benefit! 1 Official Confirmation! Sino-US Reciprocal Tariff Reductions, $30 Billion Scale Finalized. Ministry of Commerce Spokesperson He Yadong directly responded to the progress of tariff negotiations at the press conference, with clear and concise core information: Deepening Communication: Under the strategic guidance of the heads of state of the two countries, the economic and trade teams of China and the US have been communicating frequently on tariff issues, conducting in-depth consultations on bilateral tariff arrangements, and significant progress has been made; Reciprocal Tariff Reduction Framework: Both sides have agreed in principle to discuss reciprocal tariff reductions on products of equivalent scale under the framework of the Trade Council, with a scale of $30 billion or more each. Accelerating Implementation: The economic and trade teams will closely coordinate to finalize specific product lists and implementation details, and promote the prompt implementation of measures; China's Core Demand: China hopes that the US will honor its commitments, abandon unilateral protectionism, and clear obstacles for bilateral economic and trade cooperation. This means that the Sino-US trade war will see substantial easing, high tariffs previously imposed are expected to be gradually reduced, and the cost pressure on foreign trade enterprises will be significantly relieved, leading to a direct recovery in cargo volume on trans-Pacific routes! 2 Review of May Consultations: Breakthroughs in Six Major Areas, Tariffs as the Core Lever. This tariff breakthrough is not an isolated event but a key implementation step of the consensus reached in the Sino-US economic and trade consultations in May. On May 16th, China officially announced, and on May 17th, the White House disclosed that both sides reached a consensus in six major areas, with tariffs being the top priority: 1. Mechanism Guarantee: Establishment of Two Councils, Bidding Farewell to Unordered Friction. Trade Council: To address issues such as tariff reductions and market access, the reciprocal tariff reduction framework was finalized on this platform. CCTV.com News Channel; Investment Council: To resolve bilateral investment barriers and safeguard cross-border investment. CCTV.com News Channel. 2. Aviation Cooperation: Resumption of a Large Order for 200 Boeing Aircraft. In accordance with the important consensus reached by the heads of state of China and the US, China's aviation industry will introduce 200 Boeing aircraft on a commercial basis according to its own aviation transportation development needs. At the same time, the US will provide sufficient engine and parts supply guarantees for China. 3. Agricultural Product Mutual Trust: Bilateral Relaxation of Barriers. China has committed to purchasing $17 billion worth of US agricultural products annually from 2026 to 2028; a cumulative total of over $51 billion over three years, covering soybeans, corn, meat, etc.; and this commitment is in addition to the soybean purchase agreement signed in October 2025. With both combined, China's annual imports of agricultural products from the US will theoretically increase to approximately $28 billion to $30 billion. The approval for 400+ US beef processing facilities to export to China has been restored, and the qualification for some US poultry to be exported to China has been resumed, enriching

Domestic meat supply. The US side resolves the issue of automatic detention of dairy and aquatic product exports to China, reducing the risk of Chinese agricultural enterprises going overseas; promoting the recognition of Shandong as an avian influenza-free zone and the export of potted plants to the US, expanding export channels for characteristic Chinese agricultural products. The implementation of agricultural cooperation will directly drive container cold chain

transportation, bulk cargo logistics, and port agricultural product throughput growth, benefiting cross-border cold chain enterprises and agricultural foreign trade merchants! 4. Critical Minerals: Rare Earth Supply Chain Communication Breakthrough. China's response to US concerns: maintain continuous communication on export restrictions for rare earth production and processing equipment and technology, and explore a reasonable balance; US goodwill: recognize China's core position in the global critical mineral supply chain and avoid extreme restrictive measures. Although China has not disclosed detailed cooperation details, the establishment of this communication mechanism will stabilize the raw material supply chain for industries such as new energy, high-end manufacturing, and electronic information, and reduce raw material procurement risks for enterprises! 5. Tariff Core: Two-way tariff reduction, equal scale. Tariff issues, as the core of China-US economic and trade friction, have seen substantial easing, with two-way equal tariff reduction becoming a consensus, unprecedented in scale.

Agreed in principle: Implement reciprocal tariff reductions on products of mutual concern of equivalent scale (each $30 billion and above), avoiding unilateral pressure. Expected outcome: The Trade Council will subsequently finalize specific lists, with the expectation of applying most-favored-nation (MFN) tariffs or even lower rates to agreed-upon products, directly reducing tariff costs for foreign trade enterprises and enhancing product competitiveness. 3. Market Impact: Foreign trade recovery, logistics boom, cross-border enters golden period. 1. Foreign Trade Enterprises: Costs significantly reduced, orders return. After the implementation of tariff reductions on $30 billion-level products, tariff costs for foreign trade enterprises will be significantly lowered. High-value orders previously transferred to Southeast Asia will accelerate their return, and manufacturing exports will usher in a recovery. 2. Logistics and Shipping: US routes see price increases, capacity tight. Cargo volume and demand for space on trans-Pacific routes continue to climb. Freight rates on US West Coast and US East Coast routes are steadily rising. Cold chain and high-value logistics orders are surging, directly benefiting shipping and freight forwarding companies. According to the latest data, freight rates on the Far East to US West Coast route have reached $4,149/FEU (40-foot container), an increase of $995 from the previous period, with a weekly increase of up to 31.54%. Freight rates on the Far East to US East Coast route have risen to $5,333/FEU, an increase of $1,020 in a single week, a rise of 23.64%. Concurrently, CMA CGM has announced the imposition of a Peak Season Surcharge (PSS) of $500/TEU starting June 1st, and Hapag-Lloyd plans to follow suit from June 8th. Industry insiders expect PSS to be adjusted every two weeks in the future and do not rule out further increases. 3. Industry Trends: Compliance and stabilization become mainstream. Sino-US economic and trade relations are shifting from "confrontation" to "competition and cooperation." Stabilizing expectations and reducing uncertainty have become core priorities. Enterprises need to keep pace with policy rhythms and seize the benefits of tariff reductions. Enterprises and individuals engaged in related trade should pay attention to the latest changes!