China, U.S. agree to push for an extension of tariff pause deadline

(ECNS) -- Based on consensus reached in the latest round of China-U.S. economic and trade talks, both sides will push for a continued extension of the pause on the 24 percent "reciprocal tariffs" of the U.S. side as well as the countermeasures on the Chinese side, a senior Chinese official said in Stockholm on Tuesday.

Li Chenggang, China's international trade representative with the Ministry of Commerce and vice minister of commerce, made remarks during a press briefing following the new round of economic and trade talks in Stockholm. He spoke about the trade and economic teams of China and the United States, with candid and constructive exchanges over important topics of mutual interest.

Both sides are fully aware of the importance of safeguarding a stable and sound China-U.S. economic ties, Li said. Over the course of the day-and-a-half discussions, both sides reviewed the implementation of the Geneva and London consensuses and gave full affirmation to the progress made.

The Chinese and U.S. economic and trade teams will now maintain close communication, conducting timely exchanges on trade and economic issues, and continue to promote the stable and healthy development of their bilateral economic relationship, Li said.

(By Evelyn)