The United States and China agree to maintain additional tariff adjustments, continuing to postpone the application of the 24% tariff on each other's goods until November 12, 2025.

Both sides reaffirm their commitment to the Geneva Joint Statement and agree to implement specific measures to minimize trade tensions before the deadline of August 12, 2025.

MAIN CONTENT

  • The United States temporarily postpones the application of the 24% tariff on Chinese goods for an additional 90 days from August 12, 2025, maintaining the 10% tariff.

  • China also postpones the 24% tariff on U.S. goods for 90 days, maintaining the 10% tariff as stipulated.

  • Both countries commit to continue implementing measures under the Geneva Joint Statement to reduce trade conflicts.

How has the United States adjusted additional tariffs on Chinese goods?

The United States decides to continue adjusting additional tariffs under Administrative Order No. 14257 issued on April 2, 2025, including a temporary suspension of the 24% tariff on goods imported from China for 90 days starting from August 12, 2025, while retaining the remaining 10% tariff.

This is a step to reduce pressure on bilateral trade, facilitating negotiations between the two countries currently taking place in London (June 9-10, 2025) and Stockholm (July 28-29, 2025). Maintaining the 10% tariff still ensures the protection of U.S. domestic production interests.

How does China respond and adjust tariffs on U.S. goods?

China continues to adjust tariffs on goods imported from the United States according to Announcement No. 4 of the Tax Committee in 2025. The country extends the temporary suspension of the 24% tariff for 90 days from August 12, 2025, and maintains the current 10% tariff.

In addition, China commits to maintaining or implementing necessary measures to suspend or abolish non-tariff measures against the United States based on commitments in the Geneva Joint Statement to minimize bilateral trade tensions.

The extension of the temporary suspension of the 24% tariff is evidence of the commitment from both sides to maintain dialogue and seek sustainable trade solutions.

International trade analysis expert, 2025

How do the commitments in the Geneva Joint Statement affect tariff policy?

The Geneva Joint Statement serves as a basis for both sides to take steps to reduce trade tensions through tariff adjustments and to end non-tariff measures that harm each other.

Through this commitment, both the United States and China aim for a more stable trade environment while protecting bilateral economic and political interests, helping to minimize the risk of escalating trade conflicts.

What is the impact of the prolonged suspension of the 24% tariff on the goods market between the United States and China?

The suspension of the 24% tariff helps reduce import cost pressure, restore part of the trade flow, and facilitate the two countries' businesses in maintaining production and business plans.

Simplified and more stable tax procedures contribute to easing market tensions, facilitating import-export activities as well as supporting economic growth in the context of ongoing negotiations.

What non-tariff measures has China committed to suspend or abolish?

Non-tariff measures include policies such as quotas, licenses, technical controls, or other administrative regulations that may hinder trade with U.S. goods.

The suspension or abolition of these measures under the Geneva Joint Statement is expected to improve fair and transparent trade enforcement conditions, enhancing mutual trust between the two major economies.

Frequently Asked Questions

1. How long is the suspension of the 24% tariff by the United States and China?

Both countries agree to extend the temporary suspension of the 24% tariff for an additional 90 days, until November 12, 2025, to continue promoting trade dialogue.

2. Which tax rates are still maintained during the suspension of the 24% tariff?

Both the United States and China retain the additional 10% tariff on each other's imported goods during the temporary suspension of the 24% tariff.

3. How does the Geneva Joint Statement affect trade relations between the two countries?

The commitments in the Geneva Joint Statement help reduce trade tensions through tariff adjustments and the elimination of non-tariff barriers, maintaining stability in economic relations.

4. How does this agreement affect businesses in both countries?

Businesses benefit from tax reductions and reduced trade risks, making production and import-export activities smoother.

5. What non-tariff measures are suspended?

Including restrictions on import licenses, technical inspections, and other administrative regulations that hinder trade, which are suspended under the joint agreement.

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