The joint statement of Sino-US-Japanese Geneva economic and trade talks was released, what signals were conveyed?

Sun Guoyou, Deputy Director of Fudan University's US Research Center, said in an interview with the Global Times on the 12th that the outcome of the talks exceeded expectations and reflected China's positive results in retaliating against the US. The tariffs have been greatly reduced compared to before, with the US imposing a basic tariff of only 10% on China, which is similar to most other countries, benefiting the normalization of trade between China and the US. However, the US still retains unfair unilateral tariffs on China, which need to be addressed in future China-US talks. "The outcome of the talks is better than market expectations." Huang Zhengliang, Director of the Industrialization Research Center of the Industrial Economics Research Institute of the International Economic and Technological Cooperation Center of the Ministry of Industry and Information Technology, told the Global Times on the 12th, stating that the significant reduction in tariffs in the first round of China-US negotiations and the establishment of a consultation mechanism are clearly higher than market expectations. Huang Zhengliang particularly mentioned that the pressure from the US is greater than that from China. In mid-May, the US will release multiple economic indices such as prices, manufacturing, and import prices, coupled with the depletion of US product inventories. High tariffs increase pressure on the US economy, prompting the US to timely reduce tariffs, resume trade, and alleviate economic development and inventory pressure. However, some scholars caution against being too optimistic. Gao Lingyun, a researcher at the Institute of World Economics and Politics at the Chinese Academy of Social Sciences, told reporters on the 12th that tariffs are still a significant burden for businesses and consumers. Fortunately, both sides have agreed to establish an economic and trade consultation mechanism, allowing for continued negotiations in the future. How will the next steps in China-US economic and trade negotiations develop? Huang Zhengliang analyzed that, first, China and the US will continue to negotiate on tariffs. Secondly, the focus of China-US negotiations will shift to non-tariff barriers, focusing on investment, market access, and critical mineral supply. Finally, considering the significant reduction in US tariffs on China, China's foreign trade may have a more positive performance in May.