According to a report by Golden Finance, a reporter learned from the Ministry of Commerce on the 14th that, based on the executive order issued by the White House on May 12 to modify the reciprocal 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, in accordance with Administrative Orders No. 14259 and 14266 issued on April 8 and April 9, 2025, respectively. It also modified the reciprocal tariff measures from Administrative Order No. 14257 issued on April 2, 2025, which imposed a 34% tariff on Chinese goods (including goods from the Hong Kong Special Administrative Region and the Macao Special Administrative Region), with a 24% tariff suspension for 90 days, retaining the remaining 10% tariff. Additionally, the U.S. side has 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 canceling the measure originally set to increase the quantity tax from $100 to $200 per item starting June 1, 2025. In light of the U.S. side's revocation, suspension, or adjustment of tariffs imposed on China based on the consensus reached in high-level economic and trade talks between China and the U.S., China has accordingly adjusted its tariff and non-tariff countermeasures against the U.S. (Xinhua News Agency)