According to the joint statement of the Sino-American Geneva Economic and Trade Talks, the United States will amend the tariffs imposed on Chinese goods (including those from the Hong Kong Special Administrative Region and the Macao Special Administrative Region) as stipulated in Executive Order No. 14257 dated April 2, 2025. Among these, the 24% tariff will be suspended for the initial 90 days, while retaining the imposition of the remaining 10% tariff as per the provisions of that executive order;
The tariffs imposed on these goods according to Executive Order No. 14259 dated April 8, 2025, and Executive Order No. 14266 dated April 9, 2025, will be canceled.
China will accordingly amend the tariffs imposed on American goods as stipulated in the Tax Commission Announcement No. 4 of 2025, among which the 24% tariff will be suspended for the initial 90 days, while retaining the imposition of the remaining 10% tariff on these goods, and canceling the tariffs imposed on these goods according to Tax Commission Announcement No. 5 and No. 6 of 2025;
Necessary measures will be taken to suspend or cancel non-tariff countermeasures against the United States starting from April 2, 2025.