Joint Statement on U.S.-China Economic and Trade Meeting in Stockholm
Impact Score: 3
Timeline: Effective August 12, 2025, for a 90-day suspension period
Summary: On August 11, 2025, the U.S. and China agreed to suspend 24 percentage points of their respective ad valorem duties on certain goods for 90 days starting August 12, 2025, maintaining a base 10% rate under U.S. Executive Order 14257. China also committed to removing non-tariff countermeasures against the U.S. This agreement builds on prior commitments from Geneva and London meetings and involves top officials from both sides. The suspension aims to ease trade tensions but introduces some uncertainty. Vanderbilt University may face budget and supply chain impacts, especially in research and procurement, while opportunities arise for enhanced collaboration, curriculum development, and policy research.
Key Actions: Monitor trade developments, adjust strategic planning for international partnerships, integrate trade policy in academic programs, explore research funding opportunities, and conduct geopolitical research on trade implications.
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