The United States Adjusts Additional Tariffs on China

Xinhua News Agency, Beijing, May 14th - According to information obtained from the Ministry of Commerce on the 14th, in accordance with the Executive Order issued by the White House on May 12th to modify the tariff rates to reflect the situation of the negotiations with the People's Republic of China, the US 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) according to Executive Order No. 14259 issued on April 8, 2025, and Executive Order No. 14266 issued on April 9, 2025, effective from 00:01 on May 14th Eastern Time. The US side also modified the 34% retaliatory tariff measures imposed on Chinese goods (including goods from the Hong Kong Special Administrative Region and the Macao Special Administrative Region) according to Executive Order No. 14257 issued on April 2, 2025, suspending the imposition of 24% of the tariffs for 90 days and retaining the remaining 10%. Additionally, the US side has lowered or revoked the tariffs imposed on small packages from China (including small packages from the Hong Kong Special Administrative Region), adjusting the international postage tax rate from 120% to 54% and canceling the measure to increase the quantity tax from $100 per item to $200 per item, which was originally scheduled to take effect on June 1, 2025. In light of the US side's withdrawal, suspension, or adjustment of the tariffs imposed on China in accordance with the consensus reached in the high-level economic and trade talks between China and the US, China will make corresponding adjustments to its retaliatory measures against the US in terms of tariffs and non-tariff measures. This article is reprinted from Xinhuanet Co., Ltd., edited by GMTEight: Chen Wenfang.