During a meeting in Geneva on May 11, 2025, China’s Vice Premier He Lifeng reiterated the country’s commitment to the World Trade Organization (WTO). This move underscores China’s strategic role in global trade and potentially influences international relations. The meeting coincided with ongoing talks between the US and China regarding tariffs. Key takeaways include:
– **He Lifeng emphasized the WTO’s vital role in shaping trade and economic governance.**
– **The outcome of the meeting included the US suspending certain tariffs on Chinese goods, as part of efforts to improve trade relations. This move impacts industries and markets globally. **
– **China aims to maintain stability within global supply chains, reducing trade tensions, by adhering to multilateral frameworks for resolving disputes. **
– Experts expect continued cooperation between China and the US in shaping positive trends in global economic policies. These initiatives could pave the way for more robust international trade agreements, affecting industries worldwide.