Effective May 14 at 00:01 a.m. Eastern Time, the U.S. government lifted the additional 91% tariffs on goods from the Chinese mainland that had been imposed under Executive Orders No. 14259 (April 8, 2025) and No. 14266 (April 9, 2025), the Chinese Ministry of Commerce confirmed on Wednesday.
This abrupt shift follows a consensus reached during a recent China-U.S. high-level meeting on economic and trade affairs. Officials agreed to remove, suspend or adjust specific duties, aiming to ease tensions in a dispute that has rattled global markets.
In response, China will recalibrate its countermeasures, including both tariff and non-tariff measures on U.S. goods, the ministry added. This synchronized approach underscores how both sides are moving in lockstep to restore balance.
For businesses and consumers worldwide, the rollback could mean leaner supply chains and more predictable pricing. Exporters and importers from startups to manufacturing hubs have long navigated the uncertainty of steep surcharges.
Market analysts are now watching for details on China's next steps. As implementation unfolds, businesses and policymakers alike will gauge how these adjustments steer the future of bilateral economic ties.
Reference(s):
cgtn.com
