In a major trade update, the U.S. government has removed the additional 91% tariff on Chinese goods imposed under Executive Orders No. 14259 (April 8, 2025) and No. 14266 (April 9, 2025). The change took effect at 00:01 a.m. Eastern Time on May 14, as confirmed by the Chinese Ministry of Commerce.
This decision follows a high-level meeting on economic and trade affairs where both sides agreed to adjust or suspend certain tariffs. In response, the Chinese mainland will fine-tune its countermeasures on U.S. goods, encompassing both tariff and non-tariff measures. 🚀
For news enthusiasts, young professionals, and global market explorers, this move signals fresh opportunities and a new chapter in international trade relations. Stay tuned as these dynamic economic shifts continue to unfold. 🌍
Reference(s):
cgtn.com
