The US side adjusted additional tariffs on China at 00:01 a.m. EST on May 14

We learned from the Department of Commerce that according to the “Executive Order to Amend Equal Tariff Rates to Reflect Talks with the People's Republic of China” issued by the US White House on May 12, at 00:01 a.m. EST on May 14, the US side has withdrawn the total 91% tariffs imposed on Chinese goods (including products from the Hong Kong Special Administrative Region and the Macau Special Administrative Region) under Executive Order No. 14259 of April 8, 2025 and Executive Order No. 14266 of April 9, 2025. Of the 34% equivalent tariff measures imposed on products from the Macau Special Administrative Region), 24% of the tariffs were suspended for 90 days, and the remaining 10% tariff was retained. At the same time, the US side also lowered or rescinded tariffs imposed on small-value Chinese parcels (including small-value parcels in the Hong Kong Special Administrative Region), lowered the ad valorem tax rate for international mail from 120% to 54%, and rescinded measures to increase volume tax from 100 US dollars to 200 US dollars per item starting June 1, 2025. In view of the US side's cancellation, suspension, or adjustment of the relevant tariffs imposed on China in accordance with the agreement reached in the high-level economic and trade talks between China and the US, China adjusted the relevant tariffs and non-tariff countermeasures against the US accordingly. (Xinhua News Agency)