Dmitriev, the head of the Russian Direct Investment Fund, positively assessed the agreement between China and the United States on duties

The trade agreement between the People's Republic of China (PRC) and the United States on duties can be called remarkable within the framework of the global economy. This was announced on May 12 by Kirill Dmitriev, head of the Russian Direct Investment Fund (RDIF).

"This is great for the global economy! Cooperation should be a driving force for global stability and prosperity," he wrote on his page on the social network X.

Earlier in the day, it was reported that China would suspend or cancel non-tariff countermeasures taken against the United States from April 2, 2025. The United States will also change additional customs tariffs on Chinese goods, some of which are planned to be abolished. The two countries also agreed to suspend the effect of customs duties in the amount of 24 pp for 90 days, while maintaining the 10% tariff.

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On May 11, US President Donald Trump announced a complete reset of US-China relations, which took place in a friendly and productive manner. He also called the negotiations with China very good. Trump noted that he wants to see the result of the concluded "pleasant" agreements, as they will have a beneficial effect on the two states.