# Suzhou Statement

A Thaw in Suzhou: China and the U.S. Signal a Strategic De-escalation of the Tariff War

China and the U.S. have reached a preliminary agreement to reciprocally reduce tariffs on over $30 billion worth of goods, signaling a potential de-escalation in their long-standing trade conflict. This breakthrough, highlighted during the APEC trade ministers' meeting in Suzhou, underscores a broader strategic push for supply chain connectivity and regional economic stability.