China's Growth Outlook Gets Upgrade From Tariff Suspension -- Market Talk

Dow Jones05-12

1238 GMT - The U.S. and China's announcement of a 90-day suspension of most tariffs is a larger-than-expected de-escalation and represents an upgrade to China's outlook, according to ING's Lynn Song. However, after the drop to 30% tariff rate on Chinese imports to the U.S., the negotiation process will likely remain challenging, he says in a note. "The reduction of tariffs on China...is a sufficient enough reduction to allow for a more or less return of normal trade," he says. Exporters, importers, and consumers will share in absorbing the impact of the tariffs, and overall business will likely resume. Moreover, the 90-day pause will prompt upgrades to China's growth outlook for the second and third quarters, he says. (edward.frankl@wsj.com)

(END) Dow Jones Newswires

May 12, 2025 08:38 ET (12:38 GMT)

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Exporters, importers, and consumers will share in absorbing the impact of the tariffs, and overall business will likely resume. Moreover, the 90-day pause will prompt upgrades to China's growth outlook for the second and third quarters, he says. 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