Beijing is trying to win over other countries with vows of economic cooperation. But it won’t back down from its territorial claims, experts predict.

The tariff rollback is a significant win for Alibaba and its investors since it will lower the cost of importing goods into the U.S. This is still an important market for Alibaba’s international sellers. Regardless, you should keep in mind that 30% tariffs still remain, and there will no longer be a de minimis exemption.

The agreement is pressuring manufacturing hubs such as Vietnam and Mexico to make their own, better deals with the United States.