Mars Finance News, on May 14, according to the "Administrative Order to Modify Reciprocal Tariff Rates to Reflect Discussions with the People's Republic of China" issued by the White House on May 12, the United States has at 00:01 Eastern Time on May 14 canceled the total 91% tariffs imposed on Chinese goods (including goods from the Hong Kong Special Administrative Region and Macau Special Administrative Region) under Executive Order No. 14259 on April 8, 2025, and Executive Order No. 14266 on April 9, 2025. The 34% reciprocal tariffs on Chinese goods (including goods from the Hong Kong Special Administrative Region and Macau Special Administrative Region) imposed by Executive Order No. 14257 on April 2, 2025, have been modified, with 24% of the tariffs suspended for 90 days and the remaining 10% retained. Additionally, the U.S. has lowered or canceled tariffs on small packages from China (including small packages from the Hong Kong Special Administrative Region), reducing the ad valorem tax rate for international mail from 120% to 54%, and canceling the previously planned increase of the specific tax from $100 to $200 per item, which was set to take effect on June 1, 2025. (Xinhua News Agency)
The United States has adjusted its additional tariffs on China at 00:01 a.m. Eastern Time on May 14.
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