China sees the American commercial deal as a victory for Beijing

Chinese The officials, influencers, and the state -run media on Monday were the first Trade Agreement And 90 days tariff Stop with the United States K. victory The negotiation strategy in Beijing.

They argue that the united general position succeeded – and it was a major reason they managed to hit a deal With American officials in Switzerland With relatively few concessions.

A Social media The account associated with China’s national broadcaster CCTV.

In the eyes of the Chinese public, the negotiators from Beijing persuaded the president Donald Trump Management to decrease most 145 % tariff The rate of Trump is imposed, lowering them to 30 %.

On the other hand, China has pledged to decline most of its anti -counter models against the United States.

On social media, Chinese users describe the deal. One of the hashtag, #USCinasuspending24 % Trifswithin90 days has already 420 million views on Weibo.

The line indicates 24 %, which was martyred near the upper part of the Washington and Beijing joint statement.

In total, temporary suspension is 90 days from import duties from 145 % to 30 % on Chinese goods, Chinese definitions on American goods from 125 % to 10 %.

Chin Feng Yi Run’s social media user has published: “Our ancestors did not wander, why should we give up what we have?” Comment now has thousands of likes.

Beijing also uses the commercial deal to try to say to the world as a responsible commercial partner, even because the negotiating play book in China was often frustrated with the international business community and commercial partners.

Foreign executives and officials complain of “tired promise” with Beijing, whose officials often seem to be satisfied with cooperation, taking a relatively little action.

In line with this negotiating play book, Beijing said it will work with the Trump administration on a new “consulting mechanism” to maintain dialogue on trade and other economic issues.

The measures agreed in Geneva actually entered on Wednesday, but Beijing quietly gave exemptions before the conversations of some local companies operating.

China has also agreed to “adopt all the administrative measures necessary to suspend or remove non -fire measures.” This includes the latest round of the most strict export restrictions on the rare land imposed by Beijing. Minerals are crucial for the American industry.

However, China sent some mixed signals on Monday to cooperate on minerals. The Ministry of Commerce reaffirmed its suppression of the smuggling of rare land for reasons related to national security, and said that “foreign entities” were partially responsible.

The American -Chinese commercial deal brought a temporary comfort from the escalating trade war wandering in the global economy.

Stock markets Throughout the world, the world rose on Monday after Beijing and Washington announced the deal.

In the period leading up to negotiations in Switzerland during the weekend, Beijing remained firm that it will not retract its priorities in order to reach an agreement with US officials.

“We will protect the legitimate interests of our interests and support international fairness and justice,” Foreign Ministry spokesman Lyn Jian He said Before commercial conversations.

The Ministry of Commerce on Monday The name The commercial deal is “an important step”, but it took a blow to the Trump administration, saying that the United States should “fully correctly correct tariff practices.”

Trump administration officials, for their part, are also Description The deal as a “commercial historical victory” for the United States.

“It is expected that the two sides will meet again at some point during the” third weeks “to negotiate a” more mysterious agreement, “Treasury Secretary Scott Payette said on Monday.Squawk box“

Eunice Yoon from CNBC was reported from Beijing and Arin Duhri from Washington, DC