According to CCTV news report, the Tariff Commission of the State Council of China issued an announcement on May 13, to implement the important consensus reached in the high-level China-US economic and trade talks, based on the 'Customs Law of the People's Republic of China', 'Foreign Trade Law of the People's Republic of China', and other relevant laws and regulations, as well as the basic principles of international law. With the approval of the State Council, from May 14, 2025, 12:01 PM, adjustment of additional tariffs on imports originating from the United States will be implemented.
Related Matters: 1. Adjust the additional tariff rate stipulated in the 'Announcement of the Tariff Commission of the State Council on Imposing Additional Tariffs on Imports Originating from the United States' (Tax Commission Announcement No. 4, 2025) from 34% to 10%; and temporarily suspend the implementation of the originally set additional 24% tariff rate for 90 days.
2. Cease the implementation of additional tariff measures stipulated in the 'Announcement of the Tariff Commission of the State Council on Adjusting Additional Tariffs on Imports Originating from the United States' (Tax Commission Announcement No. 5, 2025) and the 'Announcement of the Tariff Commission of the State Council on Adjusting Additional Tariffs on Imports Originating from the United States' (Tax Commission Announcement No. 6, 2025).