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

[Joint Statement of the China-U.S. Geneva Economic and Trade Talks: China will correspondingly increase the ad valorem tariffs on U.S. goods] Joint Statement of the China-U.S. Geneva Economic and Trade Talks: China will correspondingly amend the announcement of the Tax Commission No. 4 of 2025 regarding the ad valorem tariffs on U.S. goods: Among them, the 24% tariff will be suspended for the initial 90 days, while retaining the remaining 10% tariff on these goods, and canceling the additional tariffs on these goods according to the announcements of the Tax Commission No. 5 and No. 6 of 2025; necessary measures will be taken to suspend or cancel non-tariff countermeasures against the U.S. starting from April 2, 2025. ( Jin10 )

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