On the 22nd, U.S. Treasury Secretary Besant stated that China-U.S. trade negotiations have entered a new phase, with both sides set to meet in Stockholm, Sweden next week to discuss key issues such as extending the tariff “truce.” This meeting is seen as a crucial indicator of the direction of China-U.S. economic and trade relations.
During an interview with Fox Business News on the 22nd, U.S. Treasury Secretary Besant revealed that China-U.S. trade talks have progressed to a completely new stage, with bilateral trade remaining in a “very good” state. Officials from both sides will meet in Stockholm, the capital of Sweden, next Monday and Tuesday to focus on discussions about potentially extending the 90-day tariff “truce” period.
In May and June of this year, Chinese and U.S. negotiation teams held two rounds of talks in Geneva, Switzerland, and London, U.K., respectively. During the Geneva talks, both sides agreed to continue advancing negotiations and reached a 90-day tariff “truce” agreement, with the deadline set for August 12.
In addition to the China-U.S. trade negotiations, Besant also mentioned that the U.S. is preparing to announce a series of trade agreements with other countries.
Ministry of Commerce spokesperson responds to media inquiries regarding the China-U.S. economic and trade talks in Sweden.
Question: In early June, China and the U.S. held economic and trade talks in London, U.K., resulting in the London Framework. Recent reports suggest that the two sides will soon hold the next round of economic and trade talks. Does the Ministry of Commerce have any updates?
Answer: As agreed by China and the U.S., He Lifeng, member of the Political Bureau of the CPC Central Committee and Vice Premier of the State Council, will travel to Sweden from July 27 to 30 to hold economic and trade talks with the U.S. side. In line with the important consensus reached by the two heads of state during their June 5 phone call, China and the U.S. will leverage the bilateral economic and trade consultation mechanism and continue negotiations on issues of mutual concern, adhering to the principles of mutual respect, peaceful coexistence, and win-win cooperation.
