INSUBCONTINENT EXCLUSIVE:
government has removed the additional 91 percent tariffs on Chinese goods (including those from Hong Kong and Macao SARs) imposed under
14259 (April 8, 2025) and No
14266 (April 9, 2025), effective from 00:01 a.m
Eastern Time on May 14, the Chinese Ministry of Commerce confirmed on Wednesday.Additionally, the U.S
government has modified the 34 percent reciprocal tariff measures on Chinese goods (including those from Hong Kong and Macao SARs) under
It suspended 24 percent of the tariffs for 90 days while retaining the remaining 10 percent
has reduced or revoked tariff on small parcels sent to U.S
from the Chinese mainland and Hong Kong SAR, lowered the ad valorem tax rate for international mail from 120 percent to 54 percent, and
canceled the plan to increase the specific duty from $100 to $200 per item effective June 1, 2025.In light of the U.S
move to remove, suspend or adjust relevant additional tariffs on Chinese goods based on the consensus reached in the recent China-U.S
high-level meeting on economic and trade affairs, China will make corresponding adjustments to its countermeasures, including both tariff
and non-tariff measures on U.S
goods, the ministry said.
