China-U.S. trade talks in Kuala Lumpur deliver positive results

The Chinese and U.S. economic and trade delegations recently met in Kuala Lumpur, reaching consensuses on issues including tariffs, export controls, and the Section 301 investigation.

The U.S. side will suspend, for an additional year, the 24% reciprocal tariffs levied on Chinese goods, including those from Hong Kong and Macao, and China will adjust its corresponding countermeasures. Both sides also agreed to extend certain tariff exclusion measures.

The U.S. will suspend for one year the implementation of its "50% Penetration Rule" export control, announced on September 29, while China will suspend the implementation of relevant export control measures announced on October 9 for one year.

In addition, the U.S. will suspend its Section 301 investigation targeting China's maritime, logistics, and shipbuilding industries for one year, with China taking reciprocal action once the U.S. suspension takes effect.

Both sides stated the Kuala Lumpur talks reflect equality, mutual respect, and reciprocity, bringing greater stability and certainty to China-U.S. economic relations and the global economy.