The United States and China have agreed to reduce certain tariffs and implement a 90-day pause on imposing new tariff policies, easing global economic tensions.
The Government of the United States of America and the Government of the People’s Republic of China, acknowledging the significance of their bilateral trade and economic ties to both nations and the global marketplace.
Affirming their commitment to a durable, balanced, and mutually advantageous trade partnership.
Recognizing the value of ongoing dialogue in addressing their respective concerns.
And expressing a shared intention to proceed with openness, continued communication, cooperation, and mutual respect.
As per the agreement the U.S. will adjust the additional ad valorem tariffs imposed on Chinese goods (including those from Hong Kong and Macau) under Executive Order 14257, issued April 2, 2025. Specifically, it will suspend 24% of the tariff rate for an initial 90-day period, while maintaining a 10% duty on the affected goods.
It will also revoke the enhanced tariff rates applied through Executive Orders 14259 and 14266, dated April 8 and 9, 2025, respectively.
China will similarly revise its additional tariffs on U.S. products announced in the Customs Tariff Commission’s Notice No. 4 of 2025 by suspending 24% of those duties for 90 days and maintaining a 10% tariff on the same products.
Furthermore, China will eliminate the added duties introduced under Announcements No. 5 and No. 6 of 2025 and take the necessary steps to lift all non-tariff retaliatory measures imposed on U.S. goods since April 2, 2025.
Following these steps, both sides will create a formal platform for continued dialogue on economic and trade matters. China will be represented by Vice Premier He Lifeng, while the U.S. delegation will include Treasury Secretary Scott Bessent and U.S. Trade Representative Jamieson Greer.
