Joint Statement of the U.S.-China Economic and Trade Talks in Geneva

The parties have committed to the following initiatives to be taken by May 14, 2025
The United States will (i) modify the ad valorem tariffs imposed 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 of April 2, 2025, with 24 percent of the tariffs suspended for an initial period of 90 days while retaining the remaining 10 percent of the tariffs imposed on those goods as set forth in the executive order; and (ii) cancel the tariffs imposed on those goods pursuant to Executive Orders No. 14259 of April 8, 2025 Executive Order No. 14259, dated April 8, 2025, and Executive Order No. 14266, dated April 9, 2025, the tariff increase on these goods.
China will (i) accordingly modify the ad valorem tariffs imposed on U.S. goods under Tax Commission Notice No. 4 of 2025, of which the 24 percent tariff will be suspended for an initial period of 90 days, while retaining the tariffs imposed on these goods for the remaining 10 percent and canceling the tariffs imposed on these goods pursuant to Tax Commission Notices Nos. 5 and 6 of 2025; (ii) take the necessary measures to suspend or cancel the tariffs imposed on these goods as of April 2, 2025, non-tariff countermeasures against the United States.
Following these initiatives, the two sides will establish a mechanism to continue consultations on economic and trade relations. The Chinese side will be represented by Vice Premier He Lifeng, and the U.S. side will be represented by Secretary of the Treasury Scott Besant and U.S. Trade Representative Jamison Greer. Consultations may be held in China, the United States, or a third country as agreed by the parties. As needed, the two sides may conduct working-level consultations on relevant economic and trade issues.