From May 10th to 11th local time, He Lifeng, the Chinese head of China-Us economic and trade cooperation and Vice Premier of The State Council, held high-level China-Us economic and trade talks with US leaders, US Treasury Secretary John Bassant and Trade Representative John Greer in Geneva, Switzerland. The two sides conducted candid, in-depth and constructive communication on implementing the important consensus reached during the phone call between the Chinese and US heads of state on January 17 this year, and reached a series of important consensus in the economic and trade fields. At 9:00 a.m. local time on May 12th, the two sides released the “Joint Statement of the China-Us Economic and Trade Talks in Geneva”. A spokesperson for the Ministry of Commerce made a statement on this.

Since April 2025, on the basis of the previous unilateral imposition of tariffs, the US government has imposed so-called “reciprocal tariffs” on China. China has taken resolute and legitimate countermeasures. Subsequently, the US side successively upgraded its tariff measures, raising the “reciprocal tariff” rate against China from 34% in the first round to 84% and 125% respectively. The high tariffs imposed by the United States have seriously undermined the normal economic and trade exchanges between the two sides and severely disrupted the international economic and trade order. This meeting reached a joint statement, which is an important step taken by both sides to resolve differences through equal dialogue and consultation, laying the foundation and creating conditions for further bridging differences and deepening cooperation.