KUALA LUMPUR: China and the United States have reached basic consensuses on key arrangements to address their respective trade concerns following two days of high-level talks in Kuala Lumpur, Malaysia, marking a new step toward stabilizing the world’s most significant economic relationship.
The discussions, held from Saturday to Sunday, were led by Chinese Vice Premier He Lifeng, U.S. Treasury Secretary Scott Bessent, and U.S. Trade Representative Jamieson Greer. Both sides described the talks as candid, constructive, and forward-looking, reflecting mutual intent to manage differences and expand cooperation.
Focus on Mutual Benefit and Stability
Vice Premier He Lifeng said that the essence of China–U.S. economic and trade relations lies in mutual benefit and win-win results, adding that both nations “gain from cooperation and lose from confrontation.”
He emphasized that stable trade relations between China and the United States serve the common interests of both peoples and meet the expectations of the international community.
Candid Exchanges on Key Issues
Guided by the important consensuses reached by the two heads of state in their phone conversations earlier this year, the two sides held in-depth exchanges on several major issues, including:
U.S. Section 301 measures on China’s maritime, logistics, and shipbuilding sectors
Extension of the suspension of reciprocal tariffs
Fentanyl-related tariffs and law enforcement cooperation
Trade in agricultural products
Export controls
Both delegations agreed to finalize specific implementation details and follow their respective domestic approval procedures.
Commitment to Dialogue and Cooperation
Vice Premier He Lifeng underscored that addressing trade differences requires dialogue and consultation on an equal footing, guided by the principles of mutual respect, peaceful coexistence, and win-win cooperation.
“Safeguarding the hard-won achievements of China–U.S. economic and trade consultations calls for joint efforts from both sides,” he said.
He urged the United States to work with China in the same direction, build mutual trust, manage differences, and promote trade and economic relations to a higher, more stable level.
U.S. Side: Relationship is Globally Influential
The U.S. side reaffirmed that the China–U.S. economic and trade relationship is the most influential bilateral relationship in the world. Washington expressed willingness to cooperate with Beijing in a spirit of equality and respect, properly address differences, and advance shared development.
Looking Ahead
Both sides agreed to fully utilize the China–U.S. economic and trade consultation mechanism, maintain close communication on respective concerns, and promote the healthy, stable, and sustainable development of bilateral trade relations for the benefit of both nations and global prosperity.
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