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CCTV-2 "Economic Information Network": (Tu Xinquan) China and the United States reached a consensus on the continued suspension of 24% tariffs

Published: August 15, 2025 Editor: Wang Zheng

(Source: CCTV Video 2025-08-12)

China and the United States have reached a consensus on the continued suspension of the 24% tariff, which is of great significance to stabilizing the scale of Sino-US bilateral w88 and the global supply chain. "Economic Information Network" interviewed two experts to explain this. One isTu Xinquan, Dean of the China World w88 Organization Research Institute at the w88 casino, the other is Wei Liang, deputy director of the Institute of Macroeconomics and Strategy of the China Institutes of Contemporary International Relations.

 

Experts said that for Sino-US bilateral w88, the suspension of the 24% tariff will effectively reduce corporate operating costs and provide strong support for the recovery and growth of bilateral w88. From the perspective of the global supply chain, as the world's two largest economies, the stability of China-US w88 relations is crucial to the global supply chain.

Wei Liang, deputy director of the Institute of Macroeconomics and Strategy of the China Institute of Contemporary International Relations, said that stable economic and w88 expectations between China and the United States will definitely bring stability and reassurance to global w88 and industrial development. As the world's most important import and export countries of intermediate products, the two countries can carry out dialogue on an equal basis and highlight the nature of mutual benefit and win-win. Only then can the international division of labor and the global production and supply network be stable and effective, and can the world economy have the basic driving force to maintain stability and seek growth.

Judging from w88 data, even in a complex w88 environment, China's exports still show resilience. In the first seven months of this year, my country's exports of goods w88 reached 15.31 trillion yuan, an increase of 7.3%.

China's economy is highly resilient, has sufficient power, and has relatively large room for maneuver. Our foreign w88 is already highly diversified, and our comprehensive cost advantage is relatively high. At the same time, we have the advantage of a large market scale, and accordingly our dependence on any single market is relatively low.

 

Experts also said that in the face of possible future changes in Sino-US economic and w88, China has sufficient confidence and confidence to respond. China has a large and complete industrial system and can quickly adjust production to adapt to external changes. In addition, China has a vast domestic market. With the development of the economy and the improvement of residents' income levels, the domestic consumer market continues to expand, providing strong support for economic growth.

 

Tu Xinquansaid that this confidence still comes from our strong manufacturing supply chain. In the future, we will continue to exert and maintain such advantages, especially in the development of manufacturing, we must continue to expand investment, encourage innovation, and form more of our own long boards, strengths and advantages.

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