Joint Statement of the Stockholm Economic and Trade Talks between China and the United States

Beijing, August 12th (Xinhua)

Joint Statement of the Stockholm Economic and Trade Talks between China and the United States

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; as well as

Considering the London talks scheduled for June 9-10, 2025 and the Stockholm talks scheduled for July 28-29, 2025;

Both parties recall the commitments made under the Geneva Joint Declaration and agree to take the following measures before August 12, 2025:

1、 The United States will continue to modify the implementation of the ad valorem tariffs imposed on Chinese goods (including goods from the Hong Kong Special Administrative Region and Macao Special Administrative Region) as stipulated in Executive Order 14257 of April 2, 2025. Starting from August 12, 2025, the implementation of the 24% tariff will be suspended for another 90 days, while retaining the remaining 10% tariff imposed on these goods according to the provisions of the Executive Order.

2、 China will continue to (1) revise the implementation of the ad valorem tariffs imposed on US goods as stipulated in Announcement No. 4 of 2025 of the Tax Commission. Starting from August 12, 2025, the implementation of the 24% tariff will be suspended for another 90 days, while retaining the remaining 10% tariff imposed on these goods; And (2) take or maintain necessary measures, as agreed in the Geneva Joint Declaration, to suspend or cancel non-tariff countermeasures against the United States.

This joint statement is based on the discussions at the Stockholm Economic and Trade Talks between China and the United States. This meeting was held within the framework of the mechanism established by the Geneva Joint Declaration. The Chinese representative is Vice Premier He Lifeng of the State Council, while the US representatives are Treasury Secretary Scott Besant and US Trade Representative Jamison Greer.