INTERNATIONAL
China suspends tariff hike on US goods for additional 90 days
China extends suspension of 24% tariff hike on US goods for 90 days while keeping a 10% duty in place starting Tuesday. - REUTERS
China will continue suspending tariff hike on U.S. goods for 90 days starting 12:01 Tuesday, the Customs Tariff Commission of the State Council announced.
AI Brief
China will continue to modify the application of the additional ad valorem rate of duty on articles of the United States 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 12:01 Tuesday, while retaining the remaining additional ad valorem rate of 10 percent on those articles, said the commission.
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AI Brief
- China will continue suspending 24% of its additional tariffs on US goods for another 90 days.
- A 10% additional duty on US imports will still apply during the suspension period.
- China is modifying its tariff strategy as part of ongoing trade negotiations with the US.
China will continue to modify the application of the additional ad valorem rate of duty on articles of the United States 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 12:01 Tuesday, while retaining the remaining additional ad valorem rate of 10 percent on those articles, said the commission.