US slammed for repeated policy shifts

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Describing the outcomes of the Geneva talks as "hard-won", the ministry said the US has unilaterally and repeatedly triggered frictions, exacerbating uncertainty and instability in bilateral economic and trade relations.

Based on the consensus reached during the talks, China has temporarily canceled or suspended relevant tariff and nontariff countermeasures against the US' "reciprocal tariffs", the ministry said.

Wan Zhe, a professor of international trade at Beijing Normal University, said the US tariffs are essentially a radical attempt to politicize and instrumentalize trade issues.

"The erratic and unpredictable nature of these tariff and economic measures has damaged the US' credibility in the global economy and dented global investors' confidence in the US market," Wan said, adding that the consequences will come at a steep cost for both its economy and international standing.

Zak Stambor, an analyst at eMarketer Inc, a market research company based in New York City, said the US' "ever-shifting trade policies" mean "navigating an increasingly unpredictable landscape", making life and any attempts at financial planning harder for both manufacturers and consumers.

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