PANews reported on November 5th that, according to an announcement from the Ministry of Finance, in order to implement the consensus reached in the China-US trade consultations, and based on the "Tariff Law of the People's Republic of China," the "Customs Law of the People's Republic of China," the "Foreign Trade Law of the People's Republic of China," and other laws and regulations, as well as the basic principles of international law, and with the approval of the State Council, the additional tariff measures stipulated in the "Announcement of the State Council Tariff Commission on Imposing Additional Tariffs on Certain Imported Goods Originating in the United States" (Announcement No. 2 of 2025) will be suspended from 13:01 on November 10, 2025. From 13:01 on November 10, 2025, the additional tariff measures stipulated in the "Announcement of the State Council Tariff Commission on Imposing Additional Tariffs on Imported Goods Originating in the United States" (Announcement No. 4 of 2025) will be adjusted, with the 24% additional tariff rate on US goods remaining suspended for one year, while the 10% additional tariff rate on US goods will be retained.PANews reported on November 5th that, according to an announcement from the Ministry of Finance, in order to implement the consensus reached in the China-US trade consultations, and based on the "Tariff Law of the People's Republic of China," the "Customs Law of the People's Republic of China," the "Foreign Trade Law of the People's Republic of China," and other laws and regulations, as well as the basic principles of international law, and with the approval of the State Council, the additional tariff measures stipulated in the "Announcement of the State Council Tariff Commission on Imposing Additional Tariffs on Certain Imported Goods Originating in the United States" (Announcement No. 2 of 2025) will be suspended from 13:01 on November 10, 2025. From 13:01 on November 10, 2025, the additional tariff measures stipulated in the "Announcement of the State Council Tariff Commission on Imposing Additional Tariffs on Imported Goods Originating in the United States" (Announcement No. 4 of 2025) will be adjusted, with the 24% additional tariff rate on US goods remaining suspended for one year, while the 10% additional tariff rate on US goods will be retained.
The State Council Tariff Commission: Cease/Adjustment of Additional Tariffs on Certain Imported Goods Originating in the United States
2025/11/05 11:51
PANews reported on November 5th that, according to an announcement from the Ministry of Finance, in order to implement the consensus reached in the China-US trade consultations, and based on the "Tariff Law of the People's Republic of China," the "Customs Law of the People's Republic of China," the "Foreign Trade Law of the People's Republic of China," and other laws and regulations, as well as the basic principles of international law, and with the approval of the State Council, the additional tariff measures stipulated in the "Announcement of the State Council Tariff Commission on Imposing Additional Tariffs on Certain Imported Goods Originating in the United States" (Announcement No. 2 of 2025) will be suspended from 13:01 on November 10, 2025. From 13:01 on November 10, 2025, the additional tariff measures stipulated in the "Announcement of the State Council Tariff Commission on Imposing Additional Tariffs on Imported Goods Originating in the United States" (Announcement No. 4 of 2025) will be adjusted, with the 24% additional tariff rate on US goods remaining suspended for one year, while the 10% additional tariff rate on US goods will be retained.
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
Share Insights
You May Also Like
XRP price sees bearish divergence despite DEX volume surge
XRP is facing pressure as price weakens while on-chain activity rises, creating a divergence that leaves traders watching key support levels closely. XRP is trading at $2.25, down 1.8% in the past 24 hours. Over the past week, it has…
Share
Crypto.news2025/11/05 14:39
Why Investors Choose Pepeto As 2025’s Best Crypto: The Next Bitcoin Story
Desks still pass that story around because it’s proof that one coin can change everything. And the question that always […] The post Why Investors Choose Pepeto As 2025’s Best Crypto: The Next Bitcoin Story appeared first on Coindoo.
Share
Coindoo2025/09/18 04:39
Hassett says Fed made ‘prudent call,’ signaling White House OK with quarter-point cut
The post Hassett says Fed made ‘prudent call,’ signaling White House OK with quarter-point cut appeared on BitcoinEthereumNews.com. The Federal Reserve’s decision to cut its key borrowing rate by a quarter percentage point seems to be sitting well with the White House, if National Economic Council Director Kevin Hassett is any indication. In a CNBC interview Thursday, the day after the Fed’s move, Hassett noted that the administration, and new Fed Governor Stephen Miran, had been pushing for a bigger reduction. Miran, who is on leave as head of the Council of Economic Advisers, pushed for a half-point cut but was outvoted 11 to 1 on the Federal Open Market Committee. However, Hassett was not critical of the committee’s decision. “The bottom line is that moving kind of slow and steady and heading towards a target, watch the data come in, that’s what prudent policy is,” he said on “Squawk Box.” “So I know that my colleague Stephen wanted to go to 50 [basis points], but I think 25 was pretty broad consensus, and I think that’s a good first step in the right direction to much lower rates.” President Donald Trump, who nominated Miran to the post, has yet to comment on the Fed’s decision. In the past, Trump has launched a barrage of criticism at the central bank, nicknaming Chair Jerome Powell “Too Late” and calling for quick and aggressive cuts. The president has suggested the benchmark federal funds rate should be 3 percentage points lower, a position not reflected in FOMC projections for the future course of policy in updates released Wednesday. Hassett noted strong economic growth trending above 3% for the third quarter, something that normally wouldn’t argue for lower interest rates, particularly with inflation running above the Fed’s 2% target. However, Trump has said cuts are needed to support the struggling U.S. housing market and to help manage financing costs for the nation’s…
Share
BitcoinEthereumNews2025/09/18 20:50