China Loses Its Appetite for U.S. Goods Despite Tariff Truce

"Despite the tariff truce, U.S. goods are taking longer to re-enter the Chinese market

The recent thaw in the U.S.-China trade tensions has done little to revive Chinese appetite for American goods, with imports showing only tepid signs of a rebound.

Despite the easing of tariffs, China buyers are still grappling with complex supply chain realignments and a wary market environment.

Following negotiations in Geneva, Washington and Beijing on May 12 announced a 90-day truce, rolling back several punitive measures. The U.S. slashed its highest tariff rate on Chinese imports from 145% to 30% — a combination of a 10% base duty and a 20% fentanyl-related levy.

In return, China reduced its tariffs on American imports from 125% to 10% and put several non-tariff barriers on hold.

While Chinese