On July 29, the third China-US trade talks in Stockholm concluded with a key agreement: the 24% reciprocal tariffs and countermeasures will be extended 90 days. This news delivers a major boost, particularly for crosslinked shrink film sales.​
Previously, a phase-one deal set tariffs at 10% (China on US goods) and 30% (US on Chinese goods), with an August 12 deadline. The extension ensures tariff stability for the next three months—a critical factor for the crosslinked shrink film sector.​
Stable tariffs directly benefit the industry. Manufacturers avoid cost spikes from tariff fluctuations, stabilizing raw material and production expenses. This allows more competitive pricing, boosting domestic and foreign market appeal to expand sales.​
Moreover, the extension strengthens market confidence. Domestic distributors and foreign buyers are more willing to increase orders amid tariff certainty. Reduced worries about unsold stock or sudden cost hikes fosters a favorable environment for sales growth and channel expansion.​
Long-term, this lays groundwork for sustainable development. Growing sales and confidence will fund R&D, enhancing product quality to meet evolving demands and strengthen global competitiveness.​
This tariff extension opens new opportunities for crosslinked shrink film sales. Enterprises should seize this moment to expand and thrive.