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Joint Statement on U.S.-China Economic and
The White House August 11, 2025 The Government of the United States of America (the “United States”) and the Government of the People’s Republic of China (“China”),
Recalling the Joint Statement on U.S.-China Economic and Trade Meeting in Geneva on May 12, 2025 (“Geneva Joint Statement”); and
Reflecting on their meetings in London on June 9 and 10, 2025, and in Stockholm on July 28 and 29, 2025;
The Parties recall the commitments under the Geneva Joint Statement and agree to take the following actions by August 12, 2025:
The United States will continue to modify the application of the additional ad valorem rate of duty on articles of China (including articles of the Hong Kong Special Administrative Region and the Macau Special Administrative Region) set forth in Executive Order 14257 of April 2, 2025, by suspending 24 percentage points of that rate for an additional period of 90 days, starting on August 12, 2025, while retaining the remaining ad valorem rate of 10 percent on those articles pursuant to the terms of said Order.
China will continue to (1) modify the application of the additional ad valorem rate of duty on articles of the United States set forth in the Announcement of the Customs Tariff Commission of the State Council No. 4 of 2025, by suspending 24 percentage points of that rate for an additional period of 90 days, starting on August 12, 2025, while retaining the remaining additional ad valorem rate of 10 percent on those articles, and (2) adopt or maintain all necessary administrative measures to suspend or remove the non-tariff countermeasures taken against the United States as agreed in the Geneva Joint Statement.
This Joint Statement is based on the discussions that took place during the U.S.-China Economic and Trade Meeting in Stockholm, which was held under the mechanism established by the Geneva Joint Statement. The representative from the Chinese side for this meeting was He Lifeng, Vice Premier of the State Council, and the representatives from the U.S. side were Scott Bessent, Secretary of Treasury, and Jamieson Greer, United States Trade Representative.
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Fox News : US-China trade talks heading in 'positive' direction: White House White House National Economic Council director Kevin Hassett discusses the ongoing trade talks, the recent NVIDIA chip deal, and more on 'The Story.'
US-China Hold Trade Talks in Stockholm, 90-Day Truce Extension Expected | US-China Trade Talks N18G
Jul 28, 2025 #USChina #Tariffs #Stockholm The United States and China are holding crucial trade talks in Stockholm, with no statements issued after a five-hour meeting on the first day, Monday. Analysts expect a 90-day truce extension as China faces an August 12 tariff deadline.
WSJ News: U.S.-China Trade Officials Discuss Tariff Truce Extension | WSJ News
Bessent: Trump Will Make Final Call On China Tariff Truce (Full Q&A)
Treasury Secretary Scott Bessent said that the US and China will continue talks over maintaining a tariff truce before it expires in two weeks and that President Donald Trump will make the final call on any extension. Bessent, who led the US delegation with Trade Representative Jamieson Greer, said in Stockholm that he’ll brief Trump on Wednesday on the remaining issues. “There’s still a couple of technical details to work out,” Bessent told reporters Tuesday, after two days of meetings with officials from Beijing led by Vice Premier He Lifeng. On the heels of Washington’s preliminary tariff deals with Japan and the European Union, Bessent said his Chinese counterparts were “more of a mood for a wide-ranging discussion.”
Adding an extra 90 days is one option, Bessent said. Chinese trade negotiator Li Chenggang told reporters that both sides agree on maintaining the truce, without elaborating on how long. He added that the conversations in the Swedish capital were candid, in-depth and geared for continued close communication.
Magnet Talks At issue in the ongoing dialog is how the two countries seek to maintain a stable trading relationship while applying barriers like tariffs and export controls to limit each other’s progress in critical sectors ranging from battery technology and defense to semiconductors. Greer said the US wants assurances that critical materials like magnets keep flowing so the two sides can focus on other priorities. “We don’t ever want to talk about magnets again,” he said. Greer said the resumption of China’s rare earths exports is Beijing’s biggest concession so far. Asked if the US made any commitments to China on its pending 232 investigations, Greer said China asked for status updates on them, but stressed that the eventual duties would be applied globally and not have any exemptions for particular countries. He also said China asked about the Trump administration’s so-called 232 investigations into sectors such as copper, semiconductors and pharmaceuticals, and the US explained that those involve global tariffs with no exceptions for individual countries.
Reducing the 20% tariffs that Trump imposed over US claims that Chinese companies supply chemicals used to make the illegal drug fentanyl is also a high priority for Beijing, Eurasia Group analysts wrote in a note last week. The sticking points in the relationship extend beyond cross-border commerce. Earlier, Taiwanese President Lai Ching-te appeared to call off an overseas trip planned for next week after the Trump administration failed to approve his stopover in the US. Trade tensions have risen recently as both sides try to apply industrial leverage. China has recently exerted its dominance in rare earth minerals for concessions from the US on advanced chips needed for Beijing’s ambitions in artificial intelligence. ‘No Interest!’ That softening from US President Donald Trump has worried China hawks in Washington that the administration is giving up too much by easing export controls to strike a deal and hold a summit with President Xi Jinping. The US president late Monday in Scotland pushed back at such suggestion, posting on social media that he’s not pushing for a summit with Xi. “I am not SEEKING anything! I may go to China, but it would only be at the invitation of President Xi, which has been extended. Otherwise, no interest!” Trump wrote. In the background of the latest trade talks between Washington and Beijing is the race by several economies to sign tariff deals with Trump before Aug. 1, when he’s threatening to impose so-called reciprocal import taxes on the US’s major trading partners. On Sunday, he announced a preliminary deal with the European Union to apply 15% tariffs on EU goods shipped to the US.
Nvidia and AMD to pay 15% of sales to China to US
Two of the world’s top chipmakers will reportedly pay the United States 15% of their sales to China to obtain export licenses for the Chinese market.
WION: US-China Trade Talks: Tech Deals & Deadline Looms | WION Business Watch
The temporary trade truce between the U.S. and China is set to expire, with key talks underway. As the august 12 deadline looms, major tech firms like nvidia and amd have agreed to share 15% of their China chip sales revenue with the U.S. Government in exchange for export licenses. Meanwhile, tensions rise over additional tariffs and the future of advanced chip sales. Watch this segment as we explain how the trade dynamics shift, and how key players make crucial moves in this high-stakes negotiation.
----------------------------- NBC: Nvidia and AMD agree to give U.S. 15% of revenue from sales to China August 11 Two semiconductor makers, Nvidia and AMD, agreed to give the U.S. government a 15% share of their revenue from sales to China. NBC News' Brian Cheung reports on how the U.S. government is expanding its role in the business of private enterprises.
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