Major Turning Point in China-U.S. Tariff Dispute

According to CCTV News, high-level China-U.S. economic and trade talks were held in Geneva, Switzerland, from May 10 to 11, resulting in substantial progress. Both parties agreed to establish a bilateral economic and trade consultation mechanism.

Both sides have committed to taking the following actions by May 14, 2025:

U.S. Side:

1.Amend the Executive Order No. 14257 issued on April 2, 2025, which imposed ad valorem tariffs on Chinese goods (including goods from Hong Kong SAR and Macau SAR).The 24% tariff will be suspended for the initial 90 days.

2.The remaining 10% tariff will remain in effect as per the order.Cancel the additional tariffs imposed under Executive Orders No. 14259 (April 8, 2025) and No. 14266 (April 9, 2025) on these goods.

China Side:

1.Amend Tariff Commission Announcement No. 4 (2025), suspending the 24% tariff for the first 90 days, while maintaining the remaining 10% tariff on U.S. goods.

2.Cancel additional tariffs imposed under Announcements No. 5 and No. 6 (2025).Take necessary actions to suspend or cancel non-tariff retaliatory measures against the U.S. that were enacted starting April 2, 2025.

Summary:

• U.S.: 20% (Fentanyl-related goods) + 10% tariffs remain;

1. 1. 24% tariff suspended for 90 days

• China: 10% tariff remains;

1. 1. 24% tariff suspended for 90 days

• Impact on Logistics:

Market prices are expected to adjust.

Express carriers may cancel prepaid tariff services.

Please stay tuned to this group for updates—we will share information as soon as it becomes available. Thank you!

• Timeline of the 2025 China-U.S. Tariff Developments:

• • April 2: U.S. announces a baseline 10% tariff on all trade partners, raising tariffs on Chinese goods to 34%.
  • April 4: China retaliates with a 34% tariff on all U.S. imports.
  • April 8: U.S. raises tariffs on Chinese products to 84%; China follows suit.
  • April 9: U.S. continues to increase tariffs on Chinese goods to 145%.
  • April 11: China raises tariffs on U.S. goods to 125%.
  • April 17: Trump signals potential reduction in tariffs, expressing concern over consumer spending.
  • May 2: U.S. officially cancels the $800 de minimis exemption for small parcels.
  • May 9: Trump posts on social media suggesting an 80% tariff on China.
  • May 10: China-U.S. high-level talks begin in Geneva.
  • May 11: Both sides report substantial progress and agree to establish a consultation mechanism.
  • May 12: China and the U.S. officially release a joint statement.