Ministry of Commerce: The US will cancel the so-called 10% "fentanyl tariff" imposed on Chinese goods (including goods from the Hong Kong Special Administrative Region and the Macao Special Administrative Region), and the 24% equivalent tariff imposed on Chinese goods (including goods from the Hong Kong Special Administrative Region and the Macao Special Administrative Region) will continue to be suspended for one year. China will adjust its countermeasures against the above-mentioned US tariffs accordingly. The two sides agreed to continue to extend some tariff exclusion measures.
The US will suspend the implementation of its export control 50% penetration rule announced on September 29 for one year. China will suspend the implementation of relevant export control and other measures announced on October 9 for one year, and will study and refine specific plans. The US will suspend the implementation of its 301 investigation measures against China's maritime, logistics and shipbuilding industries for one year. After the US suspends the implementation of relevant measures, China will also suspend the implementation of countermeasures against the US for one year. (Jin Ten)
Ministry of Commerce: China and the United States will simultaneously suspend some tariffs and control measures for one year
2025-10-30 07:13:02
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