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Mutually Adjusted Sino-US Tariffs Officially Implemented!

Starting from 12:01 on May 14 (00:01 EDT on May 14), the mutually adjusted tariffs between China and the US were officially implemented. On the 13th, the Tariff Commission of the State Council issued an announcement on adjusting the measures for imposing additional tariffs on imported goods originating in the US.

China:

(1) Corresponding modify the ad valorem tariffs imposed on US goods stipulated in Tariff Commission Announcement No. 4 of 2025. Among them, the 24% tariff will be suspended for the initial 90 days, while retaining the remaining 10% tariff on these goods, and cancel the additional tariffs imposed on these goods in accordance with Tariff Commission Announcements No. 5 and No. 6 of 2025.

(2) Take necessary measures to suspend or cancel the non-tariff countermeasures against the US that took effect on April 2, 2025.

The United States:

(1) Modify the ad valorem tariffs imposed on Chinese goods (including goods from the Hong Kong Special Administrative Region and Macao Special Administrative Region) stipulated in Executive Order No. 14257 of April 2, 2025. Among them, the 24% tariff will be suspended for the initial 90 days, while retaining the remaining 10% tariff on these goods as stipulated in the executive order.

(2) Cancel the additional tariffs imposed on these goods in accordance with Executive Orders No. 14259 of April 8, 2025, and No. 14266 of April 9, 2025.