China adjusts tariffs on the U.S.!
On the 13th, the State Council Tariff Commission announced a notice regarding the adjustment of tariffs on imported goods originating from the United States.
In order to implement the important consensus reached during high-level economic and trade talks between China and the U.S., and in accordance with the "Customs Law of the People's Republic of China," the "Foreign Trade Law of the People's Republic of China," and other laws and regulations, as well as the basic principles of international law, approved by the State Council, starting from May 14, 2025, at 12:01 PM, adjustments will be made to the tariffs on imported goods originating from the United States. The relevant matters are as follows:
1. Adjust the additional tariff rates specified in the "Notice of the State Council Tariff Commission on Additional Tariffs on Imported Goods Originating from the United States" (Tariff Commission Notice No. 4, 2025) from 34% to 10%, and suspend the implementation of the 24% additional tariff rate on the U.S. for 90 days.
2. Stop implementing the additional tariff measures specified in the "Notice of the State Council Tariff Commission on Adjusting Tariffs on Imported Goods Originating from the United States" (Tariff Commission Notice No. 5, 2025) and the "Notice of the State Council Tariff Commission on Adjusting Tariffs on Imported Goods Originating from the United States" (Tariff Commission Notice No. 6, 2025).