Call for China-US tariff truce to extend past 90 days

The 90-day tariff truce agreed by the US and China during trade talks in Switzerland last weekend is too short, China's state-backed Global Times said on May 16, as envoys from the world's two biggest economies regrouped in South Korea.

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BEIJING -

During the Geneva summit, the US agreed to cut the extra tariffs it imposed on Chinese imports in April to 30 per cent from 145 per cent for the next three months, while China committed to cutting duties on US imports to 10 per cent from 125 per cent.

"The window for mutually beneficial cooperation should extend far beyond a mere 90-day period," said the Global Times, which is owned by the newspaper of the ruling Communist Party, People's Daily, and has often been the first to report China's next steps in trade disagreements over the last few years.

"Hopefully, the US side will build on the outcomes of the recent talks and continue to meet China halfway."