On July 28–29 local time, the Chinese lead representative for China-U.S. economic and trade talks, Vice Premier He Lifeng, held discussions with the U.S. delegation led by Treasury Secretary Janet Bessent and Trade Representative Susan Greer in Stockholm, Sweden. The two sides engaged in candid, in-depth, and constructive exchanges on issues of mutual concern, including China-U.S. trade relations and macroeconomic policies. Both parties reviewed and acknowledged progress made since the Geneva and London meetings and reaffirmed previous agreements. Based on the consensus reached, the U.S. will extend the suspension of 24% retaliatory tariffs for another 90 days, while China will reciprocate by continuing its countermeasures accordingly.

Vice Premier He Lifeng emphasized that both sides should follow the key consensus reached by the two heads of state during their phone call on June 5. He stressed the importance of mutual respect, peaceful coexistence, and win-win cooperation, and called for acknowledging each other's core concerns to further consolidate consensus and enhance mutual trust. He reaffirmed China’s consistent position that the nature of China-U.S. economic and trade relations is mutually beneficial. The two countries share broad common interests and vast space for cooperation in the economic and trade sectors. Cooperation benefits both sides, while conflict hurts both. A stable, healthy, and sustainable China-U.S. trade relationship is not only crucial for achieving respective national development goals but also for fostering global economic growth and stability.

He urged both sides to continue to leverage the China-U.S. economic and trade consultation mechanism, deepen dialogue, reduce misunderstandings, strengthen cooperation, and strive for more mutually beneficial outcomes.

The U.S. side echoed the view that a stable trade relationship between the two nations is vital not only to both economies but to the global economy as a whole. The U.S. expressed willingness to work with China through the existing consultation mechanisms to resolve trade differences and push for more positive outcomes, thereby further stabilizing the bilateral economic and trade relationship.