{"id":7976,"date":"2025-05-12T10:30:51","date_gmt":"2025-05-12T02:30:51","guid":{"rendered":"https:\/\/goodsfox.com\/blog\/?p=7976"},"modified":"2025-05-12T10:27:42","modified_gmt":"2025-05-12T02:27:42","slug":"u-s-china-to-release-joint-trade-statement-on-may-12-after-constructive-talks","status":"publish","type":"post","link":"https:\/\/adfox.ai\/blog\/u-s-china-to-release-joint-trade-statement-on-may-12-after-constructive-talks\/","title":{"rendered":"U.S.-China to Release Joint Trade Statement on May 12 After Constructive Talks"},"content":{"rendered":"<p><strong>2025.5.12\u00a0 <a href=\"https:\/\/goodsfox.com\/?utm_source=blog\">GoodsFox<\/a> Daily E-commerce News: U.S.-China to Release Joint Trade Statement on May 12 After Constructive Talks<br \/>\n<\/strong><\/p>\n<ul>\n<li>U.S. Considers Slashing China Tariffs to 50\u201354%, First Major Reduction in 2025<\/li>\n<li>Malaysia Launches Online Halal Certification System for Faster Approvals<\/li>\n<li>U.S.-China to Release Joint Trade Statement on May 12 After Constructive Talks<\/li>\n<li>J&amp;T Express Faces Backlash Over Predatory Pricing in Southeast Asia<\/li>\n<li>Temu\u2019s Full-Fulfillment Shutdown Drives Amazon Order Surge<\/li>\n<\/ul>\n<hr \/>\n<h4><\/h4>\n<h4>1. U.S. Considers Slashing China Tariffs to 50\u201354%, First Major Reduction in 2025<\/h4>\n<div>\n<div class=\"auto-hide-last-sibling-br paragraph-qzbcQC paragraph-element br-paragraph-space\">\n<div class=\"auto-hide-last-sibling-br paragraph-qzbcQC paragraph-element br-paragraph-space\">\n<div class=\"auto-hide-last-sibling-br paragraph-qzbcQC paragraph-element br-paragraph-space\">\n<div class=\"auto-hide-last-sibling-br paragraph-qzbcQC paragraph-element br-paragraph-space\">The Trump administration is weighing a\u00a0<strong>50\u201354% tariff rate<\/strong>\u00a0on Chinese imports\u2014down from the current 145%\u2014with potential implementation as early as next week. The proposed rate combines a\u00a0<strong>20% fentanyl-related duty<\/strong>\u00a0and\u00a0<strong>34% reciprocal tariff<\/strong>, aligning with March discussions between Trump and U.S. retail executives (Walmart, Target, Home Depot). While the White House insists no final decision is made, Trump has signaled a &#8220;necessary downward adjustment&#8221; amid pressure from retailers struggling with 18% YoY price hikes. U.S. Customs has advised importers to prepare for\u00a0<strong>50\u201354% duty calculations<\/strong>, with South Asian countries likely seeing tariffs drop to 25%.<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><img fetchpriority=\"high\" decoding=\"async\" class=\"aligncenter size-full wp-image-7972\" src=\"https:\/\/goodspi-wordpress.umlife.com\/blog\/wp-content\/uploads\/2025\/05\/8722c3dd-df6b-4abc-1b51-e6bfcbfc8f7d.png\" alt=\"\" width=\"652\" height=\"599\" srcset=\"https:\/\/goodspi-wordpress.umlife.com\/blog\/wp-content\/uploads\/2025\/05\/8722c3dd-df6b-4abc-1b51-e6bfcbfc8f7d.png 652w, https:\/\/goodspi-wordpress.umlife.com\/blog\/wp-content\/uploads\/2025\/05\/8722c3dd-df6b-4abc-1b51-e6bfcbfc8f7d-300x276.png 300w\" sizes=\"(max-width: 652px) 100vw, 652px\" \/><\/p>\n<p style=\"text-align: center;\"><span style=\"font-size: 10pt;\"><span style=\"color: #999999;\">Source: \u00a0<\/span><a href=\"https:\/\/goodsfox.com\/?utm_source=blog\">GoodsFox<\/a><\/span><\/p>\n<hr \/>\n<p>&nbsp;<\/p>\n<h4><strong>2. Malaysia Launches Online Halal Certification System for Faster Approvals<br \/>\n<\/strong><\/h4>\n<div class=\"auto-hide-last-sibling-br paragraph-qzbcQC paragraph-element br-paragraph-space\">\n<div class=\"auto-hide-last-sibling-br paragraph-qzbcQC paragraph-element br-paragraph-space\">Malaysia\u2019s\u00a0<strong>JAKIM<\/strong>\u00a0(Department of Islamic Development) transitioned all\u00a0<strong>SPHM halal certification applications<\/strong>\u00a0to its\u00a0<strong>MYeHALAL platform<\/strong>\u00a0on May 5, eliminating paper processes. Successful applicants receive instant\u00a0<strong>digital certificates (e-Certs)<\/strong>, with optional physical copies available via formal request (subject to fees under 2020 guidelines). The move cuts processing times by 40%, supporting SMEs exporting halal goods to Southeast Asia\u2019s\u00a0<strong>$240B halal market<\/strong>.<\/div>\n<\/div>\n<hr \/>\n<p>&nbsp;<\/p>\n<h4><strong>3. U.S.-China to Release Joint Trade Statement on May 12 After Constructive Talks<\/strong><\/h4>\n<div class=\"auto-hide-last-sibling-br paragraph-qzbcQC paragraph-element br-paragraph-space\">\n<div class=\"auto-hide-last-sibling-br paragraph-qzbcQC paragraph-element br-paragraph-space\">\n<div class=\"auto-hide-last-sibling-br paragraph-qzbcQC paragraph-element br-paragraph-space\">Following two days of Geneva negotiations, Chinese Vice Premier He Lifeng and U.S. Treasury Secretary Bethany Zent announced plans for a\u00a0<strong>May 12 joint statement<\/strong>\u00a0outlining &#8220;substantial progress&#8221; on tariff adjustments and supply chain safeguards. Key outcomes include:<\/div>\n<p><br class=\"container-eLPxqH wrapper-wt12I4 undefined\" \/><\/p>\n<ul class=\"auto-hide-last-sibling-br\">\n<li>Establishment of a <strong>economic dialogue framework<\/strong><\/li>\n<li>Commitment to reduce &#8220;punitive tariffs&#8221; on critical goods (textiles, electronics)<\/li>\n<li>Agreement to resume data sharing on customs valuations and origin certifications<\/li>\n<\/ul>\n<\/div>\n<\/div>\n<hr \/>\n<p>&nbsp;<\/p>\n<h4><strong>4. J&amp;T Express Faces Backlash Over Predatory Pricing in Southeast Asia<\/strong><\/h4>\n<div class=\"auto-hide-last-sibling-br paragraph-qzbcQC paragraph-element br-paragraph-space\">J&amp;T Express\u2019s\u00a0<strong>28.6% market share<\/strong>\u00a0in Southeast Asia (2024) has sparked industry outrage, with competitors accusing it of\u00a0<strong>&#8220;predatory pricing&#8221;<\/strong>\u2014shipping rates as low as $0.80 per parcel in Indonesia. The Indonesian Logistics Association (ALFI) claims J&amp;T\u2019s strategy has caused a\u00a0<strong>30% revenue drop<\/strong>\u00a0for rivals, leading to layoffs and wage cuts. While J&amp;T defends its model as &#8220;scale-driven efficiency,&#8221; it faces regulatory scrutiny: Indonesia is drafting\u00a0<strong>minimum price floors<\/strong>, and TikTok Shop (its key partner) is building in-house logistics. Ninja Van CEO James Tan urges regional harmonization: &#8220;Unchecked price wars risk long-term sustainability.&#8221;<\/div>\n<hr \/>\n<h4><\/h4>\n<h4><strong>5. Temu\u2019s Full-Fulfillment Shutdown Drives Amazon Order Surge<\/strong><\/h4>\n<div class=\"auto-hide-last-sibling-br paragraph-qzbcQC paragraph-element br-paragraph-space\">\n<div class=\"auto-hide-last-sibling-br paragraph-qzbcQC paragraph-element br-paragraph-space\">\n<div class=\"auto-hide-last-sibling-br paragraph-qzbcQC paragraph-element br-paragraph-space\">Temu\u2019s May 2 decision to end\u00a0<strong>China-to-U.S. full-fulfillment<\/strong>\u00a0(replacing it with U.S. semi-fulfillment) has boosted Amazon sales, with sellers reporting\u00a0<strong>15\u201320% order growth<\/strong>\u00a0since Monday. Key factors:<\/div>\n<p><br class=\"container-eLPxqH wrapper-wt12I4 undefined\" \/><\/p>\n<ul class=\"auto-hide-last-sibling-br\">\n<li><strong>Temu price hikes<\/strong>: Average product prices rose 15\u2013377% post-shutdown, pushing budget shoppers to Amazon.<\/li>\n<li><strong>Logistics advantage<\/strong>: U.S.-based sellers now enjoy\u00a0<strong>7\u201310 day delivery<\/strong>\u00a0(vs. Temu\u2019s previous 20\u201330 days) and no tariff surprises.<\/li>\n<li><strong>Category winners<\/strong>: Apparel (up 25%), home decor (18%), and electronics (15%) see the biggest gains as Temu narrows its catalog.<\/li>\n<\/ul>\n<p><br class=\"container-eLPxqH wrapper-wt12I4 undefined\" \/><\/p>\n<div class=\"auto-hide-last-sibling-br paragraph-qzbcQC paragraph-element br-paragraph-space\">Amazon\u2019s Buy Shipping program\u2014offering\u00a0<strong>12% FedEx discounts<\/strong>\u2014further incentivizes sellers to prioritize the platform amid Temu\u2019s transition.<\/div>\n<\/div>\n<\/div>\n<p>&nbsp;<\/p>\n<p>For more e-commerce insights and tools, visit <a href=\"https:\/\/goodsfox.com\/?utm_source=blog\">GoodsFox<\/a>.<\/p>\n<hr \/>\n<p>LinkedIn: <a href=\"https:\/\/www.linkedin.com\/in\/goodsfox-helper-365450282\/\">https:\/\/www.linkedin.com\/in\/goodsfox-helper-365450282\/<\/a><\/p>\n<p><!--more--><\/p>\n<h3>MORE\uff1a<\/h3>\n<ol>\n<li style=\"list-style-type: none;\">\n<ol>\n<li><span style=\"color: #0000ff;\"><a style=\"color: #0000ff;\" href=\"https:\/\/goodsfox.com\/blog\/goodsfox-ecom-tactics\/\">Moving Beyond the US: 10 Successful Global Brand Cases in Europe<\/a><\/span><\/li>\n<li><span style=\"color: #0000ff;\"><a style=\"color: #0000ff;\" href=\"https:\/\/goodsfox.com\/blog\/goodsfox-pet-supplies-store\/\">Pet Supplies Market 2025: Scrumbles, BARK and the Data &#8211; backed Strategies of the Top 5 Brands<\/a><\/span><\/li>\n<li><span style=\"color: #0000ff;\"><a style=\"color: #0000ff;\" href=\"https:\/\/goodsfox.com\/blog\/goodsfox-jewelry-market\/\">2025 Jewelry Market: Unraveling Ad Strategies of Top 5 Brands<\/a><\/span><\/li>\n<li><span style=\"color: #0000ff;\"><a style=\"color: #0000ff;\" href=\"https:\/\/goodsfox.com\/blog\/goodsfox-t86-policy\/\">Is the $800 De Minimis Exemption Extension Being Cancelled? Have You Prepared?<\/a><\/span><\/li>\n<li><span style=\"color: #0000ff;\"><a style=\"color: #0000ff;\" href=\"https:\/\/goodsfox.com\/blog\/goodsfox-e-bike-dtc\/\">Top 5 Global Rankings for E-Bike DTC Store Ad Campaigns(March 2025)<\/a><\/span><\/li>\n<\/ol>\n<\/li>\n<\/ol>\n","protected":false},"excerpt":{"rendered":"<p>2025.5.12\u00a0 GoodsFox Daily E-commerce News: U.S.-China to Release Joint Trade Statement on May 12 After Constructive Talks U.S. Considers Slashing China Tariffs to 50\u201354%, First Major Reduction in 2025 Malaysia Launches Online Halal Certification System for Faster Approvals U.S.-China to Release Joint Trade Statement on May 12 After Constructive Talks J&amp;T Express Faces Backlash Over [&hellip;]<\/p>\n","protected":false},"author":21,"featured_media":7973,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[168,174,240,170,390,176],"tags":[454,274,208,198,212,1165,741],"class_list":["post-7976","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-about-goodsfox","category-advertising-skills","category-ad-spy-tools","category-ecommerce-news","category-daily-e-commerce-news","category-marketing-analysis","tag-ad-creatives","tag-advertising-skills","tag-find-winning-products","tag-goodsfox","tag-marketing-strategies","tag-social-media-marketing","tag-us-china-tariffs"],"blocksy_meta":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.8 (Yoast SEO v27.7) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>U.S.-China to Release Joint Trade Statement on May 12 After Constructive 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