Lates News

date
12/08/2025
Joint Statement on Economic and Trade Talks between China, the United States, and Sweden The Government of the People's Republic of China ("China") and the Government of the United States of America ("the United States"), recalling the Joint Statement on Economic and Trade Talks in Geneva reached on May 12, 2025 ("the Geneva Joint Statement"), and taking into account the talks in London on June 9-10, 2025, and in Stockholm on July 28-29, 2025. The two parties recall the commitments made under the Geneva Joint Statement and agree to take the following measures before August 12, 2025: 1. The United States will continue to suspend the implementation of a 24% tariff on Chinese goods (including goods from the Hong Kong and Macau Special Administrative Regions) under Executive Order 14257 issued on April 2, 2025, for an additional 90 days starting August 12, 2025. The remaining 10% tariff on these goods as per the executive order will be preserved. 2. China will continue to suspend the implementation of a 24% tariff on American goods as specified in Tax Commission Announcement No. 4 of 2025, for an additional 90 days starting August 12, 2025. The remaining 10% tariff on these goods will also be preserved. Furthermore, China will take or maintain necessary measures to suspend or cancel non-tariff retaliatory measures against the United States as agreed in the Geneva Joint Statement. This joint statement is based on discussions at the China-U.S.-Sweden economic and trade talks. The talks were held within the framework established by the Geneva Joint Statement. The Chinese representative is Vice Premier of the State Council, He Lifeng, and the U.S. representatives are Secretary of the Treasury Scott Bedson and U.S. Trade Representative Jamison Greer.