Sino-U.S.-Japan Geneva Economic and Trade Talks Joint Statement:

The Government of the People's Republic of China ("China") and the Government of the United States of America ("the United States"),

Recognizing the importance of bilateral economic and trade relations to both countries and the global economy;

Recognizing the significance of sustainable, long-term, and mutually beneficial bilateral economic and trade relations;

In light of recent discussions between the two parties, believing that ongoing consultations will help address concerns in the economic and trade fields;

In the spirit of mutual openness, continuous communication, cooperation, and mutual respect, continue to advance relevant work;

Both parties commit to taking the following measures by May 14, 2025:

The United States will (1) amend the tariffs imposed on Chinese goods (including goods from the Hong Kong Special Administrative Region and the Macao Special Administrative Region) as stipulated in Executive Order No. 14257 dated April 2, 2025, among which, the 24% tariff will be suspended for the initial 90 days, while retaining the remaining 10% tariff imposed on these goods as per the provisions of that executive order; (2) cancel the additional tariffs imposed on these goods under Executive Order No. 14259 dated April 8, 2025, and Executive Order No. 14266 dated April 9, 2025.

China will (1) correspondingly amend the tariffs on U.S. goods as stipulated in the Tax Committee Announcement No. 4 of 2025, among which, the 24% tariff will be suspended for the initial 90 days, while retaining the remaining 10% tariff on these goods, and cancel the additional tariffs imposed under Tax Committee Announcement No. 5 and No. 6 of 2025 on these goods; (2) take necessary measures to suspend or cancel non-tariff countermeasures against the United States starting from April 2, 2025.

After taking the above measures, both parties will establish a mechanism to continue consultations on economic and trade relations. Consultations may take place in China, the United States, or a third country agreed upon by both parties. If necessary, both parties may conduct working-level consultations on relevant economic and trade topics. #TradeWarEases #BTC #TradeWar #GOLD

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