Under the theme of "Global Financial Governance in a Changing World: New Challenges, New Opportunities, New Developments," the 2026 Tsinghua PBCFS Global Finance Forum is being held from May 17 to 20 in Chengdu. In this session, participants will examine the impact of US "reciprocal tariffs" introduced on April 2, 2025, and explore what's next for the global trading system.