China moves to cut additional tariffs on US imported goods starting from Wednesday following trade talks

China US (Photo/Global Times)

The Customs Tariff Commission of the State Council announced on Tuesday that starting from Wednesday, it will reduce the additional tariffs on articles of the United States set forth in Announcement of the Customs Tariff Commission of the State Council No. 4 of 2025, from 34 percent to 10 percent, suspending 24 percentage points of that rate for an initial period of 90 days.

It will remove the modified additional tariff measures on those articles imposed by the No. 5 and No. 6 announcements issued earlier by the Customs Tariff Commission of the State Council, which means cancelling the additional 91 percent rate in the two later rounds of measures.

This significant reduction in bilateral tariffs between China and the US aligns with the expectations of producers and consumers in both countries, and is conducive to China-US economic and trade exchanges and the global economy, the Customs Tariff Commission of the State Council said.

The announcement came after a two-day China-US high-level meeting on economic and trade affairs in Geneva achieved substantial progress by significantly reducing bilateral tariff levels to easing trade tensions between the world's two largest economies.

The US will remove a total of 91-percent additional tariffs on Chinese products, and China will accordingly cut 91-percent countermeasure additional tariffs against US imports. The US will suspend a 24-percent "reciprocal tariff" and China likewise will suspend a 24-percent countermeasure tariff, according to China's Ministry of Commerce.