SUZHOU YOUDE ELECTRIC CO., LTD.

SUZHOU YOUDE ELECTRIC CO., LTD.

US China 'tariff truce' extended for another 90 days

2025 08/15

       
       On August 12th, China and the United States issued the Joint Statement of the Stockholm Economic and Trade Talks. The United States has promised to continue adjusting the measures of imposing tariffs on Chinese goods (including goods from the Hong Kong Special Administrative Region and the Macao Special Administrative Region), and to suspend the implementation of the 24% equivalent tariff for 90 days starting from August 12th. Starting from August 12th, China will continue to suspend the implementation of 24% tariffs and related non-tariff countermeasures against the United States and Canada for 90 days.