BlockBeats news, on May 14, according to the executive order issued by the White House on May 12 (modifying the equivalent tariff rates to reflect the situation of talks with the People's Republic of China), the U.S. side has revoked the total of 91% tariffs imposed on Chinese goods (including goods from the Hong Kong Special Administrative Region and the Macao Special Administrative Region) at 00:01 Eastern Time on May 14, based on Executive Order No. 14259 dated April 8, 2025, and Executive Order No. 14266 dated April 9, 2025. It has modified the 34% equivalent tariff measures imposed on Chinese goods (including goods from the Hong Kong Special Administrative Region and the Macao Special Administrative Region) based on Executive Order No. 14257 dated April 2, 2025, of which 24% of the tariffs are suspended for 90 days, retaining the remaining 10% of the tariffs. At the same time, the U.S. side has also lowered or revoked tariffs on small packages from China (including small packages from the Hong Kong Special Administrative Region), reducing the international mail value-added tax rate from 120% to 54% and revoking the measure planned to increase the quantity tax from $100 to $200 per item starting June 1, 2025. (Xinhua News Agency)