China to suspend 24% tariff on US goods for 90 days, retaining remaining 10% tariff

Odaily Planet Daily News China will adjust the ad valorem tariffs imposed on US goods. Among them, the 24% tariff will be suspended for the first 90 days, while the remaining 10% tariff on these goods will be retained, and the relevant additional tariffs stipulated in the Tax Commission Announcement No. 5 and No. 6 of 2025 will be canceled. In addition, China will also take necessary measures to suspend or cancel non-tariff countermeasures against the United States from April 2, 2025. At the same time, the United States also promised to adjust its ad valorem tariff policy on Chinese goods by May 14, 2025. According to Executive Order No. 14257 of April 2, 2025, the United States will suspend the implementation of 24% tariffs for 90 days, but retain the remaining 10% tariffs, and cancel the tariffs imposed on Chinese goods in accordance with Executive Order No. 14259 of April 8, 2025 and Executive Order No. 14266 of April 9, 2025.