On the 14th, a reporter learned from the Ministry of Commerce that according to the executive order issued by the White House on May 12 to "amend the equivalent tariff rates to reflect the situation of talks with the People's Republic of China," the U.S. side has revoked a total of 91% of the tariffs imposed on Chinese goods (including goods from the Hong Kong Special Administrative Region and the Macao Special Administrative Region) based on Executive Orders No. 14259 and No. 14266 issued on April 8 and April 9, 2025, respectively, at 00:01 Eastern Time on May 14. The U.S. has also amended the equivalent tariff measures of 34% imposed on Chinese goods (including those from the Hong Kong Special Administrative Region and the Macao Special Administrative Region) based on Executive Order No. 14257 issued on April 2, 2025, of which 24% of the tariffs will be suspended for 90 days, retaining the remaining 10% tariff. At the same time, the U.S. 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 revoking the measure originally set to increase the per-piece tax from $100 to $200 starting June 1, 2025. In light of the U.S. side's revocation, suspension, or adjustment of tariffs on China based on the consensus from high-level economic and trade talks between China and the U.S., the Chinese side will correspondingly adjust relevant tariffs and non-tariff countermeasures against the U.S. (Xinhua News Agency)