#贸易战缓和 Tariff Extension for 90 Days, Take Off!

The United States will (1) amend the value-added tariff imposed on Chinese goods (including those from the Hong Kong Special Administrative Region and the Macau Special Administrative Region) as specified in Executive Order No. 14257 dated April 2, 2025, where the 24% tariff will be suspended for the initial 90 days, while retaining the imposition of the remaining 10% tariff on these goods as stipulated by the executive order; (2) cancel the additional tariffs imposed on these goods according to Executive Order No. 14259 dated April 8, 2025, and Executive Order No. 14266 dated April 9, 2025.

China will (1) accordingly amend the announcement of the Tax Commission No. 4 of 2025 regarding the value-added tariffs imposed on American goods, where the 24% tariff will be suspended for the initial 90 days, while retaining the imposition of the remaining 10% tariff on these goods, and cancel the additional tariffs imposed on these goods according to the Tax Commission announcements No. 5 and No. 6 of 2025; (2) take necessary measures to suspend or cancel non-tariff countermeasures against the United States starting from April 2, 2025.