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China to suspend 24% tariff on US goods for 90 days, retaining remaining 10% tariff

2025-05-12 07:13

Odaily News China will adjust the ad valorem tariffs imposed on US goods. Among them, the 24% tariff will be suspended for the first 90 days, while the remaining 10% tariff on these goods will be retained, and the relevant additional tariffs will be cancelled according to the Tax Commission Announcement No. 5 and No. 6 of 2025. In addition, China will take necessary measures to suspend or cancel the non-tariff countermeasures against the United States from April 2, 2025. At the same time, the United States has also promised to adjust its ad valorem tariff policy on Chinese goods by May 14, 2025. Pursuant to Executive Order No. 14257 of April 2, 2025, the United States will suspend the implementation of the 24% tariff for 90 days, but retain the remaining 10% tariff, and cancel the tariffs imposed on Chinese goods pursuant to Executive Order No. 14259 of April 8, 2025 and Executive Order No. 14266 of April 9, 2025.