As of May 14, 2025, the United States has made significant adjustments to its tariff policy on Chinese goods. Previously, the U.S. imposed tariffs as high as 125% on Chinese products, provoking strong countermeasures from China. However, recent high-level economic and trade talks between China and the U.S. reached a consensus, agreeing to lower the tariff rate from 34% to 10%, and to suspend the implementation of the 24% additional tariff measures for 90 days.

This policy adjustment has far-reaching implications for the global economy. First, the reduction of tariffs helps ease Sino-U.S. trade tensions, stabilizing global supply chains, particularly in key areas such as electronics and automobiles. Second, lowering tariffs will alleviate cost pressures on businesses, promote bilateral trade and investment, and boost market confidence. Additionally, consumers will benefit from potentially lower prices on imported goods, enhancing their purchasing power.

However, it is noteworthy that the U.S. still retains a general tariff of 10% and maintains high tariffs in key industries such as steel, aluminum, automobiles, and pharmaceuticals to protect domestic industries. Furthermore, tariffs on fentanyl-related products remain at 20%. These measures demonstrate the U.S.'s firm stance on promoting domestic manufacturing and ensuring national security.

Overall, the U.S. adjustment of additional tariff policies indicates an intention to seek a balance between protecting domestic industries and promoting global trade. In the future, the continued adjustment of policies will depend on the progress of negotiations between China and the U.S. as well as the development of the global economic situation.