“A positive surprise”: Private banks eye US-China trade breakthrough with caution

By Stanley Yupu Li , senior reporter | 13 May 2025 | 4 minutes read

A respite in trade tensions between China and the US has sent positive signals to global financial markets. However, leading private banks and asset managers in Asia warn that China may now slow the rate of policy stimulus as trade talks improve. The US will reduce tariffs on Chinese goods from 145% to 30% while China will cut its post-2…

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