Joint Statement of China-U.S. Geneva Economic and Trade Talks: China will correspondingly impose ad valorem tariffs on U.S. goods

ChainCatcher news, China-US Geneva economic and trade talks joint statement: China will accordingly modify the tax committee announcement No. 4 of 2025 regarding the additional ad valorem tariffs on US goods: Among them, the 24% tariff will be suspended for the initial 90 days, while retaining the additional 10% tariff on these goods, and canceling the additional tariffs on these goods according to the tax committee announcements No. 5 and No. 6 of 2025; necessary measures will be taken to suspend or cancel non-tariff countermeasures against the US starting from April 2, 2025.