Last week, global tariff policies showed signs of temporary easing. Some previously agreed China-US tariff adjustments have begun to take effect, lifting market expectations of short-term stability in bilateral trade ties.

The US and EU have reached a provisional trade deal. The EU will scrap all tariffs on US industrial goods and grant preferential terms for American agricultural and seafood products. In return, the US caps tariffs on most EU goods at 15%, with lower rates applied to automobiles, semiconductors and other key sectors.

Meanwhile, the EU intends to ease partial restrictions on Chinese semiconductor firm Yangjie Technology, amid concerns over supply chain disruptions for the European automotive industry. Despite improving trade sentiment, countries maintain protective measures for core industries, and tariffs and trade policies will remain subject to further adjustments.