The U.S. retains the option to impose the remaining 10% tariff, while canceling or suspending other additional tariffs.

GateUser-6433627c · 2025-05-12T07:29:49+00:00

The joint statement from the US-China-Japan Geneva trade talks shows that the United States will cancel or suspend additional tariffs but retain 10% of the remaining tariffs. Specific measures include suspending the implementation of 24% tariffs, retaining 10% tariffs, and canceling other additional tariffs.

GateUser-6433627c

2025-05-12 07:29:49

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[The US retains the remaining 10% tariff and cancels or suspends other added tariffs] Joint statement from the China-US Geneva economic and trade talks: The US commits to taking the following measures by May 14, 2025. The US will amend the ad valorem tariffs imposed on Chinese goods as stipulated in Executive Order No. 14257 dated April 2, 2025. Among these, the 24% tariff will be suspended for the initial 90 days, while retaining the right to impose the remaining 10% tariff on these goods as per the provisions of this executive order; the additional tariffs on these goods imposed under Executive Order No. 14259 dated April 8, 2025, and Executive Order No. 14266 dated April 9, 2025, will be canceled. (Jin10)

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