Joint statement on China-U.S. economic and trade meeting in Stockholm issued

China and the U.S. have agreed to extend their mutual tariff suspensions for another 90 days, avoiding the expiration of a trade truce set for August 12.

Under the joint statement issued after talks in Stockholm, both sides will maintain a 10% tariff on certain goods but suspend an additional 24 percentage points of their respective tariff hikes until November 10. China will also take steps to suspend or remove non-tariff countermeasures against the U.S.

The agreement follows earlier commitments made in the Geneva Joint Statement and subsequent meetings in London and Stockholm. Representing China was Vice Premier He Lifeng, while the U.S. delegation included Treasury Secretary Scott Bessent and U.S. Trade Representative Jamieson Greer.

Credit: CGTN