State Council Tariff Commission: Adjusting measures to increase tariffs on imported goods originating from the United States.

According to the China Securities Journal APP, on May 13th, the State Council Customs Tariff Commission announced that, with the approval of the State Council, the additional tariffs on imported goods originating from the United States will be adjusted starting from 12:01 on May 14, 2025. The additional tariff rate specified in the "Notice of the State Council Customs Tariff Commission on Imposing Additional Tariffs on Imported Goods from the United States" (Tariff Commission Announcement No. 4 of 2025) will be adjusted from 34% to 10%, and the implementation of the 24% additional tariff rate on the United States will be suspended for 90 days. The measures of imposing additional tariffs specified in "Notice of the State Council Customs Tariff Commission on Adjusting the Additional Tariffs on Imported Goods from the United States" (Tariff Commission Announcement No. 5 of 2025) and "Notice of the State Council Customs Tariff Commission on Adjusting the Additional Tariffs on Imported Goods from the United States" (Tariff Commission Announcement No. 6 of 2025) will be discontinued.