Chinese Vice Premier He Lifeng has called for stronger economic collaboration between China and the U.S. during high-stakes talks in Stockholm this week, emphasizing that cooperation 'benefits both sides' amid global economic uncertainties. 💼
Key Takeaways from the Talks
Both nations agreed to extend tariff pauses on 24% of goods – a move aimed at easing trade tensions. The discussions built on previous agreements from Geneva and London, with He stressing the need to 'reduce misunderstandings' and prioritize mutual gains. 📉➡️📈
Why It Matters Globally
With the U.S. and China accounting for over 40% of global GDP, He highlighted that stable bilateral ties aren’t just about these two economic powerhouses: 'This partnership impacts every smartphone user, electric vehicle buyer, and coffee drinker worldwide.' ☕🌍
What’s Next?
Economic teams from both sides will use a newly strengthened consultation mechanism to tackle ongoing disputes. The U.S. delegation, led by Treasury Secretary Scott Bessent, acknowledged the talks' 'constructive' nature and pledged continued dialogue. 🤝
TL;DR: More tariffs paused, more dialogue promised – but can these economic giants turn consensus into action? Stay tuned. 🔍
