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China's Customs Tariff Commission announces to suspend 24% additional tariff rate on US goods for an additional period of 90 days

Global Times

By Global Times Published: Aug 12, 2025 09:37 AM

To implement the consensus reached in the China-US economic and trade consultations, the Customs Tariff Commission of the State Council announced on Tuesday that it will modify the additional tariffs on articles of the US set forth in the Announcement of the Customs Tariff Commission of the State Council No. 4 of 2025, by suspending 24 percentage points of that rate for an additional period of 90 days, starting on August 12, 2025, while retaining the remaining additional ad valorem rate of 10 percent on those articles.

The commission's announcement came as China on Tuesday released a joint statement on China-US Economic and Trade Meeting in Stockholm.

According to the Xinhua News Agency, China and US, recalling the Joint Statement on China-US Economic and Trade Meeting in Geneva on May 12, 2025; and reflecting on their meetings in London on June 9 and 10, 2025, and in Stockholm on July 28 and 29, 2025; the parties recall the commitments under the Geneva Joint Statement and agree to take the following actions by August 12, 2025:

The US will continue to modify the application of the additional ad valorem rate of duty on articles of China (including articles of the Hong Kong Special Administrative Region and the Macao Special Administrative Region) set forth in Executive Order 14257 of April 2, 2025, by suspending 24 percentage points of that rate for an additional period of 90 days, starting on August 12, 2025, while retaining the remaining ad valorem rate of 10 percent on those articles pursuant to the terms of said Order.

China will continue to modify the application of the additional ad valorem rate of duty on articles of the US set forth in the Announcement of the Customs Tariff Commission of the State Council No. 4 of 2025, by suspending 24 percentage points of that rate for an additional period of 90 days, starting on August 12, 2025, while retaining the remaining additional ad valorem rate of 10 percent on those articles. China will adopt or maintain all necessary administrative measures to suspend or remove the non-tariff countermeasures taken against the US as agreed in the Geneva Joint Statement.