According to CCTV NewsFrom July 28 to 29, local time, He Lifeng, the Chinese lead negotiator and Vice Premier of the State Council, met with Bessent, the U.S. lead negotiator and Treasury Secretary, and Trade Representative Grail in Stockholm, Sweden, for Sino-U.S. economic and trade talks. Both sides engaged in candid, in-depth, and constructive discussions on issues of mutual concern in Sino-U.S. economic and trade relations and macroeconomic policies. They reviewed and affirmed the consensus reached at the Sino-U.S. economic and trade talks in Geneva and the implementation of the London framework. According to the consensus reached during the talks, both sides will continue to push for the 90-day extension of the suspended 24% reciprocal tariffs by the U.S. and China's countermeasures.
He Lifeng stated that the Sino-US economic and trade teams should be guided by the important consensus reached by the two heads of state in their phone call on June 5, adhering to the principles of mutual respect, peaceful coexistence, and win-win cooperation, respecting each other's concerns, further consolidating the consensus, and deepening mutual trust. China's position on Sino-US economic and trade relations is consistent; the essence of Sino-US economic and trade relations is mutual benefit and win-win outcomes. Both sides have broad common interests and extensive cooperation space in the economic and trade fields. A stable, healthy, and sustainable Sino-US economic and trade relationship not only benefits the achievement of their respective development goals but also promotes the development and stability of the world economy. Moving forward, both sides should continue to follow the important consensus reached by the two heads of state, fully leverage the role of the Sino-US economic and trade consultation mechanism, continuously enhance consensus, reduce misunderstandings, strengthen cooperation, and further deepen dialogue and consultations, striving for more win-win results.
The US side stated that a stable Sino-US economic and trade relationship is of great significance to both countries and the global economy, and they are willing to work with China to continue resolving economic and trade differences through the Sino-US economic and trade consultation mechanism, pushing for more consultation outcomes, and further stabilizing the Sino-US economic and trade relationship.