Addressing reporters after the talks, China's international trade representative with the Ministry of Commerce Li Chenggang said a "basic consensus" was reached after a "in-depth and candid discussion".
He Lifeng met with US Treasury Secretary Scott Bessent and US Trade Representative Jamieson Greer over the weekend on the sidelines of the Association of Southeast Asian Nations (ASEAN) summit in Kuala Lumpur, describing the discussions as "candid, in-depth, and constructive."
China on Saturday strongly opposed a US Trade Representative (USTR) probe into its compliance with the Phase One trade agreement, accusing Washington of escalating economic pressures and spreading false narratives that undermine bilateral ties.
The two sides will hold consultations on important issues in China-US economic and trade ties in accordance with the important consensus reached by the heads of state of the two countries during their phone calls this year, the Commerce ministry spokesperson said in a statement.
Chinese Foreign Ministry spokesperson said, "China calls on the U.S. as well as companies concerned to respect facts and multilateral trade rules, abide by the principles of market economy and fair competition, correct the wrong approach as soon as possible and stop harming China's interests
The Chinese Ministry, in a statement, outlined a phased escalation for the special port fees on eligible US vessels berthing at Chinese ports, which will initially be 400 yuan ($56) per net ton from Tuesday and increase annually on April 17 for the subsequent three years.
US Treasury Secretary Scott Bessent said the US and China had "substantially de-escalated" and that he expected a planned meeting between Trump and Xi at the APEC forum in South Korea in late October to go ahead.
China has pushed back against US President Donald Trump's decision to impose new tariffs on Chinese goods, calling the move hypocritical and defending its own export restrictions on rare earth materials and related equipment.
Responding to the US move, a spokesperson for China's Ministry of Foreign Affairs said, "Barring Chinese airlines from flying over Russia on flights to and from the US would hinder travel and people-to-people exchanges."
Chinese Foreign Ministry spokesperson Lin Jian on Thursday stressed that the China-US trade meeting was held under the strategic guidance of the two heads of state, and the two sides reached a consensus in principle on the framework of measures to implement the important consensus reached by
There was no immediate indication whether any progress was made on Saturday during the more than 10-hour meeting between Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng in Switzerland.