Adapting To The Trend of Tariff Adjustments And Promoting The Upgrade of Aluminum Beverage Can Exports

According to the Joint Statement of the China-US Economic and Trade Talks in Geneva, the two sides have reached key adjustments to the tariff policies, which have a positive impact on the bilateral trade between China and the United States as well as the global economic and trade situation. The specific analysis is as follows:

Reduction of bilateral trade costs: The United States has suspended the implementation of the additional 24% tariff on Chinese goods and cancelled the additional 84% and 125% tariffs imposed by the executive orders on April 8 and April 9. China has also adjusted the counter-tariffs synchronously, suspending the implementation of the 24% counter-tariffs and cancelling the additional tariffs on US goods specified in the relevant announcements. The actual tariff rates of both sides have been reduced to 10%. This will directly reduce the tariff costs of import and export enterprises in China and the United States. In particular, Chinese export enterprises of labor-intensive products, such as the clothing, toy, luggage, furniture and other industries that have been severely impacted by the additional tariffs before, will see a significant reduction in cost pressure, which will help these enterprises resume and expand exports to the United States. Relevant US import enterprises will also be able to import Chinese goods at more reasonable prices. At the same time, China's imports of products from the United States, such as aircraft and important components, will return to normal, contributing to the stable development of relevant industries.

Improvement of enterprise confidence and expectations: The adjustment of tariff policies sends a positive signal to the market, indicating that both China and the United States are willing to resolve economic and trade disputes through dialogue and cooperation. This will boost the confidence of foreign trade enterprises in China and the United States, stabilize market expectations, and enable enterprises to carry out long-term planning and business layout with more peace of mind, including expanding markets, increasing investment, optimizing the supply chain, etc., which is conducive to the stable and sustainable development of bilateral trade.

Stability of the global supply chain: China and the United States are the two largest economies in the world and important links in the global supply chain. The previous tariff war has led to the disruption of the global supply chain, and many multinational enterprises have been forced to adjust their industrial chain layout. The easing of tariff policies this time will help stabilize the global supply chain, reduce the risks of trade diversion and supply chain disruptions, make the division of labor in the global industrial chain more reasonable and efficient, and enable enterprises of various countries to cooperate in a more stable trade environment.

Alleviation of global inflationary pressure: The previous high-tariff policy of the United States has pushed up consumer prices in the United States, imposing a relatively large economic burden on American consumers. With the reduction of tariffs this time, the prices of Chinese goods in the US market are expected to drop, and the living costs of American consumers will be reduced to a certain extent, which will help alleviate the inflationary pressure in the United States and also have a positive impact on the global inflation situation.

Promotion of the development of service trade: Although service trade is not directly affected by tariffs, the alleviation of trade tensions will improve the overall economic environment and market confidence, thus indirectly promoting the development of service trade. For example, service industries closely related to goods trade, such as freight and logistics services, intermediary services, etc., will obtain more business opportunities with the recovery of goods trade, and service trade fields such as international travel are also likely to gradually pick up due to the reduction of economic uncertainties.

In addition, the two sides will establish a mechanism to continue discussions on economic and trade relations, which provides a platform and opportunities for further deepening bilateral economic and trade cooperation and resolving potential issues in the future. This is conducive to promoting the economic and trade relations between China and the United States to develop in a more stable and healthy direction, and also injects new impetus into the recovery and development of the global economy and trade.

Shandong Jinzhou Health Industry Co., Ltd. is based in Jinan City, Shandong Province, and operates a state-of-the-art brewing facility spanning 60,000 square meters. With over 19 years of experience in exporting aluminum cans—including beer cans and beverage cans—the company has built strategic partnerships with leading industry suppliers.

Jinzhou is committed to customer-centric service and dedicated to solving clients' challenges. It offers comprehensive one-stop solutions for beer and beverage production lines and packaging.

As a trusted packaging solution provider, we have long-term supply relationships with renowned brands such as Coca-Cola and Tsingtao Beer. In addition, we offer professional printing and layout design services to meet our clients' branding needs. With annual sales exceeding 5.7 billion units, we have established a high-speed, integrated packaging material supply chain.