Chinese Vice Premier He Lifeng called for strengthened economic collaboration between China and the United States during high-level talks in Stockholm this week, emphasizing mutual benefits as key to stabilizing global markets.
Speaking at the two-day dialogue with U.S. Treasury Secretary Scott Bessent and Trade Representative Jamieson Greer, He stressed that a 'stable, healthy, and sustainable' bilateral trade relationship serves both nations' development goals while bolstering worldwide economic growth. The discussions focused on resolving differences through dialogue and extending tariff relief measures established in prior negotiations.
Both sides reaffirmed commitments to implement agreements reached during earlier talks in Geneva and London. Notably, they agreed to push for a 90-day extension of paused reciprocal tariffs covering 24% of U.S. imports, a move analysts say could ease supply chain pressures.
'Cooperation benefits both sides; confrontation harms both,' He stated, urging adherence to the consensus reached by Chinese and U.S. leaders during their June 5 phone call. The vice premier highlighted technology, green energy, and infrastructure as areas with 'broad space for joint progress.'
U.S. representatives acknowledged the talks' significance, pledging to use consultation mechanisms to address ongoing trade disputes. The outcomes are being closely watched by multinational corporations and investors amid concerns over slowing global demand.
This latest round of dialogue signals cautious optimism for improved economic coordination between the world's two largest economies, with potential implications for inflation trends and cross-Pacific business strategies.
