China and the United States have conducted what both sides described as “in-depth, candid, and constructive” discussions on key economic and trade matters in Stockholm, Sweden. The two-day meeting was part of the China-U.S. economic and trade consultation mechanism and aimed at building on the progress made during the phone call between the two heads of state on June 5.
Li Chenggang, China’s international trade representative and vice minister of commerce, briefed reporters following the meeting. He emphasised that both countries share a common understanding of the importance of maintaining a stable and healthy trade relationship.
During the talks, the two delegations exchanged updates on their macroeconomic situations and reviewed progress under the previously agreed Geneva and London consensuses. Both sides acknowledged positive developments so far and engaged in frank dialogue on issues of concern.
One of the key outcomes of the meeting was a mutual agreement to extend the suspension of the 24% reciprocal tariffs initially imposed by the U.S., along with China’s countermeasures. This move signals a shared intent to avoid further trade escalation.
Looking ahead, Li confirmed that both sides have agreed to continue close engagement, ensuring timely communication and coordination to support the long-term stability of bilateral economic ties.
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