The United States and China have reached an agreement to ease trade tensions by lowering specific tariffs and implementing a 90-day suspension of new duties. This move aims to foster further dialogue between the two nations and strengthen their bilateral economic relationship.
Full Statement
The governments of the United States and China recognize the importance of their economic and trade relationship to both countries and the global economy. They acknowledge the need for a long-term, mutually beneficial relationship and believe that continued discussions can address each side’s concerns.
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Both parties have committed to taking the following actions by May 14, 2025:
- The United States will modify the additional tariffs imposed on Chinese goods by suspending 24 percentage points of those tariffs for an initial period of 90 days, while maintaining a 10% tariff on certain articles. The United States will also remove certain additional tariffs imposed under previous orders.
- China will similarly suspend 24 percentage points of its tariffs on U.S. goods for 90 days, while retaining a 10% tariff on certain products. China will also lift non-tariff countermeasures imposed against the U.S. since April 2, 2025.
Following these actions, both countries will establish a platform for continued discussions on economic and trade relations, with representatives from both sides engaging in talks, which may take place in China, the U.S., or a third country by mutual agreement. Working-level consultations will be held as needed to address specific issues.
