Recalling the Joint Statement of the China–U.S. Economic and Trade Talks in Geneva reached on May 12, 2025 (“Geneva Joint Statement”); and
Taking into account the bilateral talks held in London on June 9–10, 2025, and in Stockholm on July 28–29, 2025;
The two sides recall the commitments made under the Geneva Joint Statement and agree to take the following actions by August 12, 2025:
1. The United States will continue to adjust the implementation of ad valorem tariffs on Chinese goods (including goods from the Hong Kong Special Administrative Region and the Macao Special Administrative Region) as set forth in Executive Order No. 14257 dated April 2, 2025. Starting August 12, 2025, the 24% tariff will be suspended for an additional 90 days, while retaining the remaining 10% tariff on these goods as provided under the Executive Order.
2. China will continue to: (a) adjust the implementation of ad valorem tariffs on U.S. goods as set forth in Tariff Commission Announcement No. 4 of 2025. Starting August 12, 2025, the 24% tariff will be suspended for an additional 90 days, while retaining the remaining 10% tariff on these goods; and (b) as agreed in the Geneva Joint Statement, take or maintain necessary measures to suspend or remove non-tariff countermeasures against the United States.
This Joint Statement is based on discussions held during the China–U.S. Economic and Trade Talks in Stockholm. The meeting was convened under the mechanism established by the Geneva Joint Statement. The Chinese delegation was led by Vice Premier He Lifeng of the State Council, and the U.S. delegation was led by Secretary of the Treasury Scott Besant and United States Trade Representative Jamieson Greer.
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