China Lowers Tariffs on US Imports in Bid to Ease Trade Tensions

This move is seen as a positive step towards improving trade relations between the two countries. The adjustment in tariffs is a result of the important consensus reached during the high-level economic and trade talks between China and the US, which aimed to promote mutual benefit and win-win cooperation. The Chinese government has emphasized its commitment to implementing the consensus reached during the talks, with the Ministry of Commerce working to provide support to foreign trade enterprises and promote stable development in foreign trade.

The reduction in tariffs is expected to have a positive impact on the global economy, as it will help to increase trade between China and the US, benefiting producers and consumers in both countries. The move is seen as a significant step towards resolving trade disputes and promoting economic cooperation between the two nations. As of May 14, 2025, the tariffs on US-origin goods will be reduced, and the implementation of a 24% tariff on certain US goods will be suspended for a period of 90 days.

This development is expected to have a significant impact on trade between China and the US and is seen as a positive step towards resolving the ongoing trade tensions between the two countries. The adjustment of tariffs on imported goods originating from the United States is expected to have a significant impact on the global economy, with the reduction of tariffs from 34% to 10%, and the temporary suspension of 24% of the tariffs on American goods, being seen as a major breakthrough in the trade negotiations between China and the US.

According to experts, this tariff reduction will not only benefit Chinese and American producers and consumers but also have a positive impact on the global economy. The move is expected to increase trade between the two countries, promote economic growth, and create new opportunities for businesses and investors. The United Nations Secretary-General has welcomed the outcome of the China-US trade talks, calling it a "very positive signal" for the global economy.

As the economic and trade relations between China and the US continue to improve, both nations are expected to further advance economic cooperation. This collaborative effort is anticipated to play a significant role in fostering global economic growth. In line with its commitment to the principles of equality, respect, and mutual benefit, China will maintain a steadfast approach to safeguarding its economic interests while engaging in trade negotiations. The future of tariff adjustments on US imports will likely be shaped by these principles, aiming for a more balanced and reciprocal trade relationship that benefits both countries and contributes to the health of the global economy.