Vice Premier He Lifeng had been in talks with US Treasury Secretary Scott Bessent since Saturday aimed at de-escalating trade tensions sparked by US President Donald Trump’s aggressive tariff rollout.
The joint statement said the decision was made after “recognising the importance of their bilateral economic and trade relationship to both countries and the global economy” and “recognising the importance of a sustainable, long-term, and mutually beneficial economic and trade relationship”.
It also said that “the parties will establish a mechanism to continue discussions about economic and trade relations.”
It added that these discussions may be conducted alternately in China and the United States, or a third country.
According to the statement, China will also adopt all necessary administrative measures to suspend or remove non-tariff countermeasures taken against the US since April 2.
Speaking after talks, Bessent told reporters the two sides had reached a deal for a 90 day pause on measures and that reciprocal tariffs would come down by 115 percent. (Agencies)
