The Government of the People's Republic of China ("China") and the Government of the United States of America ("the United States"), recognizing the importance of bilateral economic and trade relations to both countries and the global economy; recognizing the significance of a sustainable, long-term, and mutually beneficial bilateral economic and trade relationship; in light of their recent discussions, believing that continuous consultations will help address the issues of concern to both sides in the economic and trade fields; and in the spirit of mutual openness, continuous communication, cooperation, and mutual respect, will continue to advance relevant work. The two sides commit to taking the following measures by May 14, 2025: The United States will: (1) revise the ad valorem tariffs imposed on Chinese goods (including goods from the Hong Kong Special Administrative Region and the Macao Special Administrative Region) as specified in Executive Order 14257 of April 2, 2025, among which the 24% tariff will be suspended for an initial period of 90 days, while retaining the right to impose the remaining 10% tariff on these goods in accordance with the provisions of the said executive order; (2) rescind the additional tariffs imposed on these goods pursuant to Executive Order 14259 of April 8, 2025, and Executive Order 14266 of April 9, 2025. China will: (1) correspondingly revise the ad valorem tariffs imposed on U.S. goods as specified in Announcement No. 4 of 2025 issued by the Customs Tariff Commission, among which the 24% tariff will be suspended for an initial period of 90 days, while retaining the imposition of the remaining 10% tariff on these goods, and rescind the additional tariffs imposed on these goods pursuant to Announcement No. 5 and No. 6 of 2025 issued by the Customs Tariff Commission; (2) take necessary measures to suspend or rescind the non-tariff countermeasures targeting the United States that have been in effect since April 2, 2025. After the implementation of the above-mentioned measures, the two sides will establish a mechanism to continue consultations on economic and trade relations. The Chinese representative is He Lifeng, Vice Premier of the State Council, and the U.S. representatives are Treasury Secretary Scott Bessent and U.S. Trade Representative Jamison Greer. Consultations may be held in China, the United States, or a third country agreed upon by both sides. As needed, the two sides may conduct working-level consultations on relevant economic and trade issues.