Joint Statement of China-U.S. Stockholm Economic and Trade Talks: China and the U.S. mutually suspend certain tariffs for 90 days

ChainCatcher news, according to Jinshi Data citing information from the Ministry of Commerce, considering the talks between the two parties in London on June 9-10, 2025, and in Stockholm on July 28-29, 2025; both parties recalled the commitments made under the Geneva Joint Statement and agreed to take the following measures before August 12, 2025:

1. The United States will continue to amend the implementation of the tariffs imposed on Chinese goods (including goods from the Hong Kong Special Administrative Region and the Macao Special Administrative Region) as stipulated in Executive Order No. 14257 dated April 2, 2025, and will again suspend the implementation of the 24% tariff for 90 days starting from August 12, 2025, while retaining the remaining 10% tariff imposed on these goods as specified in the executive order.

2. China will continue to (1) amend the implementation of the tariffs imposed on U.S. goods as stipulated in the Tax Committee Announcement No. 4 of 2025, and will again suspend the implementation of the 24% tariff for 90 days starting from August 12, 2025, while retaining the remaining 10% tariff imposed on these goods; and (2) take or maintain necessary measures to suspend or cancel non-tariff countermeasures against the United States as agreed in the Geneva Joint Statement.