Amid the ongoing China - US trade war, the "Section 301 tariff" hammer has fallen once again! The US list of products subject to additional tariffs on China has been expanded to include electric vehicles and photovoltaic components, causing the profits of cross - border e - commerce sellers to shrink by 20%! However, on May 8 local time, US President Donald Trump made a concession for the first time at a White House press conference. He admitted that the current tariffs on China are "unsustainable" and hinted that diplomatic negotiations might be used to ease trade frictions.

However, enterprises need to be vigilant against the "expectation trap":

1.  The Office of the United States Trade Representative (USTR) still maintains the framework for imposing Section 301 tariffs.

2.  Secretary Benson has made it clear that "no major agreement is pursued in the Switzerland talks", indicating that tariff adjustments may be limited to certain categories of products.

3.  Historical data shows that during the tariff suspension in 2019, 37% of enterprises still experienced customs clearance delays due to misjudgments of policies.

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