The United States adjusts tariffs imposed on China
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The United States adjusted the tariffs imposed on China based on the negotiation situation with China. According to the executive order issued on May 12, starting from midnight on May 14, 91% of the tariffs will be revoked, and 34% of the corresponding tariff measures will be modified, with 24% of the tariffs suspended for 90 days and 10% of the tariffs retained. In addition, the tariffs on small packages from China have been reduced, with the value-added tax rate on international mail lowered from 120% to 54%. China will make corresponding adjustments to relevant measures
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