Ministry of Commerce: China and the US will simultaneously suspend some tariffs and control measures for one year.


 the Ministry of Commerce: The US will cancel the 10% so-called "fentanyl tariff" imposed on Chinese goods (including goods from the Hong Kong Special Administrative Region and the Macao Special Administrative Region), and the 24% retaliatory tariff imposed on Chinese goods (including goods from the Hong Kong Special Administrative Region and the Macao Special Administrative Region) will continue to be suspended for one year. China will adjust the retaliatory measures against the above-mentioned tariffs imposed by the US accordingly. Both sides agree to extend some tariff exclusion measures. The US will suspend the implementation of its 50% rule on export controls announced on September 29 for one year. China will suspend the implementation of related export control measures announced on October 9 for one year, and will study and refine specific plans. The US will suspend its Section 301 investigation measures on China's maritime, logistics, and shipbuilding industry for one year. After the US suspends the relevant measures, China will also suspend the retaliatory measures against the US for one year. (FX678)