In a fresh push to stabilize the world’s largest bilateral trade relationship, the United States and the Chinese mainland wrapped up economic and trade talks in Kuala Lumpur with a series of tariff suspensions and cooperation agreements.
Key highlights include canceling a 10% US "fentanyl tariff" and suspending 24% reciprocal duties on goods from the Chinese mainland, as well as Hong Kong and the Macao Special Administrative Region, for one year. The Chinese mainland will adjust its countermeasures and extend existing tariff-exclusion measures in response.
Both sides also agreed to pause export-control measures for one year. The US will halt a new rule expanding its entity-list export restrictions, while the Chinese mainland will suspend relevant export controls and refine specific plans.
- US suspends Section 301 measures on maritime, logistics, and shipbuilding for one year; the Chinese mainland reciprocates.
- Enhanced anti-drug cooperation on fentanyl and expanded agricultural trade.
- Case-by-case resolution for companies, plus follow-up on TikTok issues.
Building on prior talks in Madrid, the US offered fresh investment commitments, and the Chinese mainland pledged to address TikTok-related concerns. The outcome underscores how equality, respect, and mutual benefit can yield real-world impact. Both sides aim to implement these agreements, injecting fresh certainty and stability into global markets.
Reference(s):
Outcomes of China-U.S. economic, trade talks in Kuala Lumpur
cgtn.com
