According to Odaily Planet Daily, the Ministry of Commerce announced that the U.S. will suspend its Section 301 investigations targeting China's maritime, logistics, and shipbuilding industries for one year, and China will simultaneously suspend its related countermeasures for one year. Furthermore, the U.S. will suspend the "50% penetration rule" on export controls announced on September 29 for one year, and China will also suspend the corresponding export control measures announced on October 9 and study detailed follow-up plans.

Meanwhile, the US will remove the 10% fentanyl tariff imposed on Chinese goods (including Hong Kong and Macau Special Administrative Regions) and continue to suspend the 24% reciprocal tariff for another year. China will adjust its countermeasures accordingly, and both sides agreed to extend certain tariff exclusion policies. (Jinshi)