China initiated tariff adjustments on US imports following a mutual agreement with Washington to implement a 90-day suspension of punitive duties after talks in Geneva.
China began implementing tariff adjustments on US products starting at 12:01 p.m. Beijing time (0401GMT) on Wednesday, in accordance with an agreement reached with the United States during recent trade talks in Geneva, Xinhua News Agency reported.
The Customs Tariff Commission of the State Council announced that it would suspend 24 percentage points of the additional ad valorem duty on specified US goods for an initial period of 90 days, while maintaining a 10% rate on those same items.
Additionally, Beijing has removed the modified additional duties previously imposed on April 9 and 11.
The decision follows a joint announcement by Beijing and Washington on Monday, confirming a temporary rollback of reciprocal tariff measures after a series of intensive negotiations.
The Geneva talks were prompted by President Donald Trump’s decision to raise tariffs on Chinese imports to 145%, which led China to retaliate with 125% duties on American goods.
Ukrainian President Volodymyr Zelenskyy says Russia hit at least six energy targets in deadly strikes across Ukraine, showing Moscow is unwilling t...
The Saudi-led coalition in Yemen said late Monday that it intercepted and destroyed two ballistic missiles laun...
North Korean leader Kim Jong Un has visited a newly opened defence museum displaying weapons developed under his leadership, including an intercont...
One person was killed and nearly a dozen hurt in a fresh attack on Riyadh's international airport on Sunday, Saudi authorities reported, a day after a strike claimed by Yemen's Houthis killed 13 people and wounded more than 300.
Yemen's Houthis renewed warning to airlines, airport workers, and travellers against using Saudi airports, saying the warning should be taken seriously and that the kingdom “bore responsibility for failed interceptions”, a day after an attack on Riyadh's international airport that killed 12 people.
The Houthi movement has escalated their attacks on Saudi Arabia, targeting the airport in Riyadh and other cities, killing more than a dozen people.
The Kremlin on Monday rejected a 60-day ceasefire idea proposed by Ukrainian President Volodymyr Zelenskyy to allow his country to hold presidential elections, saying it wanted an overall peace deal instead.
The Saudi-led coalition in Yemen said late Monday that it intercepted and destroyed two ballistic missiles launched by the Houthi group toward Khamis Mushait in southwestern Saudi Arabia.
Ukrainian President Volodymyr Zelenskyy says Russia hit at least six energy targets in deadly strikes across Ukraine, showing Moscow is unwilling to accept the energy ceasefire announced by U.S. President Donald Trump.
North Korean leader Kim Jong Un has visited a newly opened defence museum displaying weapons developed under his leadership, including an intercontinental ballistic missile capable of reaching the United States.
Southeast Asian foreign ministers are set to discuss measures to tackle transboundary haze during preparatory meetings ahead of the ASEAN summit in November, as forest and land fires in Indonesia continue to affect air quality across the region, the Philippines said on Tuesday.
Britain's Prime Minister Andy Burnham has said the United Kingdom believes Iran was likely behind an alleged plot connected to RAF Fairford, a military airbase in Gloucestershire in England that has played a role in U.S. operations against Iran, escalating tensions between London and Tehran.
Democratic Congresswoman Ilhan Omar has accused the Trump administration of using federal law enforcement for political purposes after authorities searched her Washington-area home as part of an ongoing criminal investigation.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment