The third round of negotiations between China and the United States has concluded, with no significant progress. It seems that this round of talks did not go smoothly.

 1. Continue to maintain close communication.

 2. Both sides continue to promote the suspension of the U.S. equivalent tariffs at 24%, as well as the Chinese countermeasures to be implemented on schedule.

 It is quite clear that the negotiations between both sides are not pleasant, and the 24% suspension of tariffs will come to an end on August 12, which is approaching. The emphasis on implementing countermeasures as scheduled indicates a tough negotiating stance; if you continue to escalate, we will also continue to respond.

Next, both sides will certainly continue to negotiate, but the European Union and Japan have both compromised at 15%. Our conditions for compromise are not present, but the conditions for not increasing tariffs must also be established. This is what has been repeatedly emphasized: the tariff issue will persist.

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