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Joint Statement of the United States and China:
China will reduce tariffs on American goods from 125% to 10% for a period of 90 days.
The United States will maintain the remaining 10% rate on those goods.
U.S. tariffs on China will include a 10% base rate plus a 20% fentanyl tax.
The United States and China will adjust tariff rates by May 14.
Joint Statement of the United States and China:
The United States will revise the imposition of tariffs on Chinese goods by suspending 24% of the rate for an initial 90-day period.
The U.S. on China: The United States will eliminate the additional tariffs on Chinese goods that were imposed under Executive Orders 14259 (April 8, 2025) and 14266 (April 9, 2025).
The two sides have decided to establish a mechanism for continued dialogue on economic and trade relations.
Both parties may hold working-level consultations on issues related to the economy and trade.