Translation. Region: Russian Federal
Source: People’s Republic of China in Russian – People’s Republic of China in Russian –
Source: People’s Republic of China – State Council News
GENEVA, May 12 (Xinhua) — China and the United States on Monday issued a joint statement following high-level China-U.S. talks on economic and trade issues in Geneva.
The full text of the joint statement follows:
Joint Statement on the High-Level China-US Trade and Economic Talks in Geneva
The Government of the People’s Republic of China (hereinafter referred to as China) and the Government of the United States of America (hereinafter referred to as the United States), recognizing the importance of their bilateral economic and trade relations to both countries and the global economy, recognizing the importance of sustainable, long-term, and mutually beneficial economic and trade relations, reviewing their recent discussions and believing that continued discussions have the potential to resolve each side’s concerns in their economic and trade relations, moving forward in the spirit of mutual openness, continuous communication, cooperation, and mutual respect, commit to take the following actions by May 14, 2025:
The United States shall modify the application of the additional ad valorem rate of duty on goods from China (including goods from the Hong Kong Special Administrative Region and the Macao Special Administrative Region) imposed by Executive Order 14257 on April 2, 2025, by suspending 24 percentage points of that rate for an initial period of 90 days, while maintaining the remainder of the ad valorem rate of 10 percent on those goods in accordance with the terms of that Executive Order. The United States shall terminate the modified additional ad valorem rates of duty on those goods imposed by Executive Order 14259 on April 8, 2025, and by Executive Order 14266 on April 9, 2025.
China shall accordingly modify the application of the additional ad valorem duty rate on United States goods set out in the No. 4 Notice of the Customs Tariff Committee of the State Council in 2025 by suspending the application of 24 percentage points of that duty rate for an initial period of 90 days, while maintaining the remaining additional ad valorem duty rate of 10 percent on those goods. China shall abolish the modified additional ad valorem duty rates on those goods imposed by the No. 5 Notice of the Customs Tariff Committee of the State Council and the No. 6 Notice of the Customs Tariff Committee of the State Council in 2025, and shall take all necessary administrative measures to suspend or cancel the non-tariff countermeasures taken against the United States on or after April 2, 2025.
Following the above actions, the Parties shall establish a mechanism to continue discussions on economic and trade relations. The Chinese side will be represented at these talks by He Lifeng, Vice Premier of the State Council of the People’s Republic of China, and the American side will be represented by Scott Bessent, U.S. Secretary of the Treasury, and Jamieson Greer, U.S. Trade Representative. Such discussions may be held alternately in China and the United States, or in a third country with the consent of the Parties. If necessary, the Parties may hold working-level consultations on relevant economic and trade issues. –0–