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2025

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08

Joint Statement of the China-US Stockholm Economic and Trade Talks

Author:


Xinhua News Agency, Beijing, August 12

Joint Statement of the China-US Stockholm Economic and Trade Talks

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 of the China-US Geneva Economic and Trade Talks (“Geneva Joint Statement”) reached on May 12, 2025; and

Taking into account the bilateral talks held in London from June 9 to 10, 2025, and in Stockholm from July 28 to 29, 2025;

Both sides 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 modify the implementation of the additional ad valorem tariffs on Chinese goods (including goods from the Hong Kong Special Administrative Region and the Macao Special Administrative Region) stipulated in Executive Order No. 14257 of April 2, 2025. Starting August 12, 2025, the 24% tariff will again be suspended for 90 days, while retaining the remaining 10% tariff on these goods as stipulated in the Executive Order.

2. China will continue to (1) modify the implementation of the additional ad valorem tariffs on US goods stipulated in Tax Commission Announcement No. 4 of 2025. Starting August 12, 2025, the 24% tariff will again be suspended for 90 days, while retaining the remaining 10% tariff on these goods; and (2) in accordance with the agreements in the Geneva Joint Statement, adopt or maintain necessary measures to suspend or cancel non-tariff countermeasures against the United States.

This Joint Statement is based on discussions at the China-US Stockholm Economic and Trade Talks. This meeting was held under the framework established by the Geneva Joint Statement. The Chinese delegation was led by Vice Premier He Lifeng, and the US delegation was led by Secretary of the Treasury Scott Besent and US Trade Representative Jamison Greer.

[Source: Xinhua News Agency Editor in charge: Wang Can]

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