China and the United States have agreed to extend tariff pauses and deepen economic consultations following two days of trade talks in Stockholm, Chinese Vice Premier He Lifeng said on Tuesday.
He Lifeng met U.S. Treasury Secretary Scott Bessent and U.S. Trade Representative Jamieson Greer for a new round of economic and trade discussions from Monday to Tuesday in the Swedish capital.
The two sides held “candid, in-depth and constructive” talks on macroeconomic policies and trade issues of mutual concern, according to China’s National Development and Reform Commission.
Both countries affirmed the implementation of agreements reached at previous meetings in Geneva and London and will work to extend by 90 days a pause on 24% of reciprocal tariffs, along with related Chinese countermeasures.
He Lifeng said that a stable and sustainable China-U.S. trade relationship “serves the development goals of both countries and contributes to global economic stability.” He urged both sides to act on the consensus reached in the 5 June phone call between the two presidents and to strengthen dialogue under the existing consultation mechanism.
The U.S. delegation said it viewed stable trade ties with China as crucial to both economies and the global economy. Washington added that it was prepared to use the consultation framework to resolve differences and achieve “more outcomes” from the dialogue.
China and the U.S. have maintained regular trade talks despite heightened tensions in other areas, with officials on both sides emphasising the need for “mutual respect and win-win cooperation.”
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