Translation. Region: Russian Federal
Source: People's Republic of China in Russian – People's Republic of China in Russian –
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Source: People's Republic of China – State Council News
BEIJING, Aug. 12 (Xinhua) — A joint statement by China and the United States was released following trade and economic talks in Stockholm.
The Government of the People's Republic of China /"China"/ and the Government of the United States of America /"United States"/, mindful of the Joint Statement of 12 May 2025 on the China-United States Economic and Trade Talks in Geneva /"Geneva Joint Statement"/, and taking into account the bilateral talks held in London on 9-10 June 2025 and in Stockholm on 28-29 July 2025, and mindful of the commitments arising from the Geneva Joint Statement, have agreed to take the following actions by 12 August 2025:
1. The United States shall continue to adjust the application of the additional ad valorem tariff rate on goods from China (including goods from the Hong Kong and Macao Special Administrative Regions) imposed by Executive Order 14257 of April 2, 2025, by suspending the imposition of the 24 percent tariff for an additional 90 days beginning August 12, 2025, while maintaining the remaining ad valorem rate of 10 percent on those goods in accordance with the terms of that order.
2. China will continue (1) to adjust the application of the additional ad valorem duty on goods from the United States provided in Regulation No. 4 for 2025 of the Customs Tariff Commission of the State Council by suspending the imposition of the 24 percent tariff for an additional 90 days from August 12, 2025, while maintaining the remaining additional ad valorem duty of 10 percent on those goods, and (2) take or maintain all necessary measures to suspend or eliminate the non-tariff countermeasures imposed on the United States in accordance with the Geneva Joint Statement.
This joint statement is based on the discussions held during the China-US economic and trade talks in Stockholm, which were held under the mechanism established by the Geneva Joint Statement. The Chinese side was represented at the talks by Vice Premier He Lifeng, and the US side was represented by Treasury Secretary Scott Bessent and US Trade Representative Jamison Greer. -0-
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