💨 Abstract

After a deal to reduce tariffs between the U.S. and China, businesses in China remain cautious. The U.S. reduced tariffs from 145% to 30%, and China from 125% to 10%, effective Wednesday. Markets rebounded, but businesses are wary due to past uncertainties, reduced orders, and reluctance to invest. Some plan to diversify supply chains and explore other markets, like Vietnam, though they intend to maintain U.S.

Courtesy: wtop.com