The United States adjusts tariffs on China

The reporter learned from the Ministry of Commerce on the 14th that according to the "Executive Order on Amending the Reciprocal Tariff Rate to Reflect the Talks with the People's Republic of China" issued by the White House on May 12, the United States has revoked the total of 91% tariffs imposed on Chinese goods (including Hong Kong Special Administrative Region and Macao Special Administrative Region goods) under Executive Order No. 14259 on April 8, 2025 and Executive Order No. 14266 on April 9, 2025 at 00:01 am Eastern Time on May 14, 2025, and revised the 34% reciprocal tariff measures imposed by Executive Order No. 14257 on Chinese goods (including Hong Kong Special Administrative Region and Macao Special Administrative Region goods) on April 2, 2025. 24% of the tariffs are suspended At the same time, the US has also reduced or withdrawn the tariffs imposed on small parcels in China (including small parcels in the Hong Kong Special Administrative Region), reduced the ad valorem tax rate on international mail from 120% to 54%, and revoked the measure originally scheduled to increase the specific tax from $100 to $200 per parcel from June 1, 2025. In view of the fact that the US has withdrawn, suspended or adjusted the relevant tariffs on China in accordance with the consensus of the China-US high-level economic and trade talks, China has adjusted the relevant tariffs and non-tariff countermeasures against the US accordingly. (Xinhua News Agency)