China and the United States held economic and trade consultations in Paris, France.

　　Xinhua News Agency, Paris, March 16 – On March 15-16 local time, the Chinese lead representative for China-U.S. economic and trade talks, Vice Premier He Lifeng, held consultations in Paris, France, with the U.S. lead representatives, Treasury Secretary Besent and Trade Representative Greer. Guided by the important consensus of the two countries' leaders, the two sides conducted candid, in-depth, and constructive exchanges and consultations on economic and trade issues of mutual concern, such as tariff arrangements, promoting bilateral trade and investment, and maintaining existing consultation consensus. They reached some new agreements and will continue to maintain consultations.

　　He Lifeng stated that under the strategic guidance of the important consensus of the two countries' leaders, after five rounds of economic and trade consultations last year, China and the U.S. have achieved a series of consultation results in the economic and trade field, injecting more certainty and stability into bilateral economic and trade relations and the global economy. Recently, the U.S. Supreme Court ruled that the tariffs imposed by the U.S. under the International Emergency Economic Powers Act were illegal. Subsequently, the U.S. imposed a 10% import surcharge on all trade partners under Section 122 of the 1974 Trade Act and successively introduced negative measures related to China, such as Section 301 investigations, corporate sanctions, and market access restrictions. China's position of opposing unilateral tariffs imposed by the U.S. has been consistent, urging the U.S. to completely remove unilateral tariffs and other restrictive measures and stating that it will take necessary measures to firmly safeguard its legitimate rights and interests. China hopes the U.S. will work with China to implement the important consensus of the two countries' leaders, continuously expand the list of cooperation, reduce the list of issues, and promote the healthy, stable, and sustainable development of China-U.S. economic and trade relations.

　　The U.S. side stated that a stable China-U.S. economic and trade relationship is very important for both countries and the world, as it helps promote global economic growth, supply chain security, and financial stability. Both sides should reduce friction, avoid escalation of issues, and resolve differences through consultations.

　　Both sides agreed to study the establishment of a cooperation mechanism to promote bilateral trade and investment, continue to make good use of the China-U.S. economic and trade consultation mechanism, strengthen dialogue and communication, properly manage differences, expand pragmatic cooperation, and promote the sustained and stable improvement of bilateral economic and trade relations.