Li Chenggang: China and the United States will continue to push for the 24% equivalent tariffs that have been temporarily suspended by the United States, as well as the extension of China's retaliatory measures.

date
30/07/2025
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GMT Eight
Li Chenggang, the Deputy Minister of the Chinese Ministry of Commerce and International Trade Negotiations Representative, said on the evening of the 29th in Stockholm, Sweden, that according to the consensus reached during the latest round of economic and trade negotiations between China and the United States, both sides will continue to push for the resumption of the 24% retaliatory tariffs by the United States and the extension of China's countermeasures as scheduled.
Xinhua News Agency, Stockholm, July 29 (Reporter Xie Xiyao, Zhu Haochen) China's Ministry of Commerce International Trade Negotiator and Deputy Minister Li Chenggang said on the evening of July 29 in Stockholm, Sweden that, in accordance with the consensus reached in the latest round of economic and trade talks between China and the United States, both sides will continue to push forward the suspended 24% tariff on American products and the extension of Chinese countermeasures as scheduled. From July 28 to 29 local time, the Chinese and American economic and trade teams held a new round of talks in Stockholm. After the talks, Li Chenggang told the media that over the past day and a half, China and the United States have implemented the important consensus reached during the phone call between the two country's leaders on June 5, fully utilized the mechanism of economic and trade consultations between China and the United States, and had candid, in-depth, and constructive exchanges on important economic and trade issues of mutual concern. "Both sides fully recognize the importance of maintaining a stable and healthy China-US economic and trade relationship." Li Chenggang said that during the talks, China and the United States had comprehensive and in-depth exchanges on each other's macroeconomic policies, reviewed the consensus reached in the Geneva economic and trade talks and the implementation of the London framework, and fully affirmed their progress. "The economic and trade teams of China and the United States will continue to maintain close communication, timely exchange on economic and trade issues, and continue to promote the stable and healthy development of bilateral economic and trade relations." Li Chenggang said. Li Chenggang also expressed gratitude to Sweden for the facilitation and support provided for the talks. This article is reprinted from "Xinhua News Agency", GMTEight Editor: Liu Jiayin.